Iran instructs Houthis to prepare for Bab el-Mandeb Strait closure. WTI reaching $110 in July 2026 at 5.3% YES.

Having choked off shipping through the Strait of Hormuz, Iran is now using the Houthis to extend its threat to global trade and energy supplies beyond the Persian Gulf.

Iran closes the Strait of Hormuz, impacting global oil supply. WTI crude at $90 in July 2026 now at 30% YES.

Iran is signaling potential closure of the Bab el-Mandeb Strait via its Houthi allies. This move risks disrupting global trade and vital energy supplies through the Red Sea.…

Iran has asked Yemen's Houthi group to stand ready to close the Red Sea oil route if the United States targets Iranian power infrastructure, three sources told Reuters on…