Houthi embargo on Saudi oil exports via Bab el-Mandeb threatens global supply chains
Houthi rebels have declared an embargo on Saudi oil exports transiting the Bab el-Mandeb Strait, forcing further vessel diversions. This escalation creates a dual-chokepoint risk alongside existing disruptions, though the operational impact on Saudi export volumes remains to be verified.
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Russia — 8 developments
US-Iran Direct Hostilities Escalate Amidst Strait of Hormuz Threats
Direct hostilities between the US and Iran have significantly escalated, marked by confirmed US strikes on Iranian targets and Iranian threats of retaliatory infrastructure attacks. The situation is highly volatile, with both nations explicitly threatening civilian infrastructure and reports indicating twelve consecutive nights of reciprocal kinetic exchanges. Key uncertainties remain regarding the specific targets, tactical objectives, and the formalization of new rules of engagement.