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Growing concerns are mounting about the escalation of the military conflict's repercussions in the region reaching the Bab el-Mandeb Strait, after the "Ansar Allah" group targeted two oil tankers carrying Saudi petroleum. This threatens one of the world's most vital maritime passages and destabilizes the security of international energy supplies. The escalation has transformed the Bab el-Mandeb area into a significant zone of shipping disruption, with eight tankers changing their routes and others withdrawing with millions of barrels of oil. Shipping costs have risen, impacting oil prices, which have climbed to levels potentially exceeding $110 per barrel if tensions persist. Despite these threats, Saudi and Chinese oil shipments continue to pass through the area, reflecting a certain level of confidence. However, ongoing escalation could lead to major disruptions in supply chains, possible closure of the passage, and consequential impacts on global markets, particularly in Europe and Asia.
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