With Trump's ceasefire on the verge of collapse, Tehran is threatening to close the Bab el-Mandeb Strait to punish the US and Israel , in a move that could send the global economy into a recession.

Iran has effectively closed the Strait of Hormuz, and shutting down the Bab al-Mandeb Strait could further disrupt oil markets.

Global geopolitical stability is hanging by a thread after the Islamic Republic of Iran abruptly pulled the plug on its highly sensitive, mediated peace negotiations with the…