17 Hrs
Source:
النهار
Houthis advancing in Bab al-Mandab
The main focus of the report concerns the possibility of the Houthis closing the Bab el-Mandeb Strait and its impact on global markets, indicating that such an action could lead to higher shipping costs and balance the crisis's effects between Asia, Europe, and the United States. It is expected that the market will gradually become accustomed to such crises, and international responses will be limited or symbolic. The report also clarifies that China is not under immediate pressure, thanks to its strategic reserves, while Saudi Arabia may respond if the situation worsens. However, overall, the Bab el-Mandeb crisis is unlikely to cause a global oil shock; instead, it will lead to increased costs and a gradual distribution of burdens. There is also a possibility that the maritime corridor could become a constant point of extortion if the situation continues without decisive intervention.
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