How new Yemen tensions could complicate the global energy crisis
Recent military escalation in Yemen has broken a four-year truce, with the Yemeni government bombing Sanaa International Airport and Houthi rebels retaliating with missiles towards Saudi Arabia. Analysts warn this could spill over into the Bab al-Mandeb Strait, a vital global energy artery. The strait, connecting the Red Sea to the Indian Ocean, sees 12% of global trade and approximately 4 million barrels of oil daily. If the Bab al-Mandeb were blocked, alongside the Strait of Hormuz which Iran has effectively closed, around 25% of the world's oil and gas supply would be disrupted, forcing lengthy reroutes. This situation is seen as a strategic move by Iran and its allies to counter US naval blockades.