A new front is opening in the Iran war. Oil faces ‘no way out’
The Houthis’ blockade of the Bab al-Mandeb strait couldn’t have come at a worse time for the oil market. Iran’s proxies in Yemen have threatened to cut off a major bypass of the Strait of Hormuz, through which oil tanker traffic has slowed dramatically in recent days.
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National story. 9 articles from 9 sources. Updated Jul 22, 2026.
Part of The US-Iran war: oil prices, gas prices and the market fallout
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