Iran threatens Bab al-Mandeb closure: How would that affect world trade?

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A top advisor to Iran's Supreme Leader threatened that Iranian allies could close the Bab al-Mandeb Strait, a vital shipping route connecting the Red Sea and the Gulf of Aden. This threat, made by Ali Akbar Velayati, follows US President Trump's warning to bomb Iranian infrastructure if the Strait of Hormuz isn't reopened. The Bab al-Mandeb's closure, potentially enacted by the Iran-backed Houthis in Yemen, would compound the global energy crisis, as it's a crucial waterway for oil trade. If both the Strait of Hormuz and Bab al-Mandeb were closed, a quarter of the world's energy and a significant portion of Asia's exports to Europe would be blocked. The strait's narrow width limits traffic and makes it vulnerable to disruption.
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AI-ExtractedIn 2024, about 4.1 billion barrels of crude oil and refined petroleum pro
The Bab-al-Mandeb connects the Red Sea to the Gulf of Aden and is crucial for global oil trade.
Iranian allies could shut the Bab al-Mandeb shipping route.
Iran has effectively closed the Strait of Hormuz.
If Bab al-Mandeb were closed, it could compound the global energy supply crisis.
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