30 Days
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البلاد
Lavrov Warns the Hormuz Crisis and Bab al-Mandeb Closure Threaten Global Economy and Oil Market
The article discusses warnings from Russian Foreign Minister Sergei Lavrov that prolonging the crisis in the Strait of Hormuz and the closure of the Bab el-Mandeb Strait would pose a significant threat to the global economy and the oil market. He emphasized that closing these straits, especially with the Houthis threatening to block the Bab el-Mandeb if military operations against Iran continue, would lead to severe disruptions in global transportation routes, a decline in global trade, and a substantial increase in oil prices. The region is experiencing escalating military tensions between the United States and Iran, with Iran initiating strikes targeting American sites, while the international community continues to warn about the repercussions of the crisis on the global economy and oil markets.
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