Iran's warning to block the Bab el-Mandeb Strait endangers global trade, as 5% of the world's oil passes through this critical Red Sea chokepoint.

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…

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