Geopolitics
Iran could cripple Gulf oil exports by closing Bab-el-Mandeb Strait through Houthis
Mario Nawfal Interviews
OIL SURGES 4% AS US-IRAN STRIKES TARGET HORMUZ – w/ Economist Philip Pilkington
"If the Houthis close the strait, then about 60%, I think about 60% remaining oil coming out of the Middle Eastern countries will be shut off global markets. And that, I mean, we're already at endgame in my opinion, but that's bad. We're in it now. We're in it up to our eyeballs."
Analyst Philip Pilkington reveals that approximately 4 million barrels per day of Saudi oil rerouted around the Strait of Hormuz must still pass through the Bab-el-Mandeb Strait controlled by Houthis. He warns Iran could escalate by having the IRGC directly operate from Yemen to close this alternative route, which would remove 60% of remaining Middle Eastern oil from global markets now that plausible deniability is no longer needed.
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Mario Nawfal Interviews