Could Bab al-Mandab Rival Hormuz
Two oil tankers carrying Saudi crude were targeted by the Houthi group in the Bab al-Mandeb Strait, threatening one of the world's most important shipping corridors and raising concerns about disruptions to energy supplies and rising oil prices. The attacks on the tankers led to changes in oil shipping routes, with some shipments being redirected through longer paths, increasing shipping costs. Despite the threats, some ships continued to transit the area. However, further escalation could lead to the complete closure of the Bab al-Mandeb Strait, which might cause oil prices to rise to around $110–120 per barrel and significantly impact European and Asian markets.
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