Explainer-Why Iranian, Houthi threats to Red Sea shipping matter more for oil now

July 15 (Reuters) - Iran has warned that its campaign to throttle global energy markets could be expanded from the Strait of Hormuz to the vital Red Sea route if U.S. attacks continue, a threat that depends on its Houthi allies in Yemen.This is why it matters and what it means for the Iran war and the global energy crisis:HOW BIG IS THE RISK TO GLOBAL ENERGY MARKETS?Closure of the Bab el-Mandeb strait — gateway to the Red Sea — would open a new front in the energy crisis and Iran's overarching conflict with the U.S.

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