Houthi Control of Bab al-Mandeb Strait Raises New Threat to Global Economy
The Iran-allied rebels' grip on the waterway between Africa and the Arabian Peninsula could push up oil prices and shipping costs, according to Le Monde.
Houthi rebels' control over the Bab al-Mandeb strait, a key waterway linking Africa and the Arabian Peninsula on the shortest sea route between Asia and Europe, is raising fears of higher oil prices and shipping costs, Le Monde reported.
Sources
- Le contrôle des houthistes sur le détroit de Bab Al-Mandab fait planer une nouvelle menace sur l’économie mondiale — Le Monde — Une
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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