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
What was said
"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.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Programme
- Mario Nawfal Interviews
- Episode
- OIL SURGES 4% AS US-IRAN STRIKES TARGET HORMUZ – w/ Economist Philip Pilkington
- Clip time
- 14:13
- Original source
- Watch the source segment →
From this episode
Mario Nawfal Interviews