15 Hrs
Source:
الوئام
Houthi sabotage at Bab el-Mandeb risks global trade
The article discusses the escalation of threats to vital maritime energy routes, particularly the Hormuz Strait and the Bab el-Mandeb Strait, and their impact on the security of global oil supplies. The risks of simultaneous disruptions in these straits have directly contributed to rising oil prices, with Brent crude surpassing $100 per barrel, and have increased shipping times and insurance costs. Saudi Arabia demonstrates flexibility by relying on alternatives such as the East-West pipeline and the Yemen Port site. However, Houthi attacks and targeting of pipelines are exerting mounting pressure on navigation security, with wide-ranging repercussions affecting Asian and European markets, along with increased shipping and insurance costs. These developments threaten the stability of the energy market and the global economy.
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