10 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Bab el-Mandeb Strait Narrows
The energy analyst Ziad Al-Hashmi's report indicates that a disruption in navigation through the Bab el-Mandeb Strait could result in the cessation of approximately 5 million barrels of Saudi oil exports daily to Asian markets. This poses a threat of causing a shock in global oil markets and a significant increase in prices, especially if exports through the Strait of Hormuz and Bab el-Mandeb are simultaneously halted. It warns that any disruption to this vital route could lead to a major disturbance in oil supplies, which are essential for the Asian market, and would directly impact global prices.
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