With Hormuz already under pressure, Iran is now hinting at another critical chokepoint. What happens if Bab el-Mandeb is disrupted could send shockwaves through global trade and energy markets.

Recent developments indicate that the United States is facing significant challenges in ensuring the free movement of ships through the strait, while Iran appears unwilling to ease restrictions. The blockade is already disrupting global oil and gas supplies, pushing prices higher and impacting economies worldwide.

Oil prices rose and stocks fell on Wednesday following US President Donald Trump’s speech in which he warned he would hit Iran “extremely hard” over the next two to three weeks. Meanwhile, Iran has reportedly…

As tensions between the US, Israel and Iran choke the Strait of Hormuz, cutting global energy and fertiliser flows, markets face rising prices and food insecurity. We discuss the global fallout with…