Bab al-Mandab: New Trade Route Worry
CNBC TV18

Bab al-Mandab: New Trade Route Worry

  • Houthis signal support for Iran, raising concerns over Bab al-Mandab Strait.
  • Roughly 16% of global seaborne trade passes through the strait, including 10% of oil.
  • US warned Iran of escalation; Houthis may block trade, mirroring Hormuz action.
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