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Iran-backed Houthis seize an island in the Bab el-Mandeb Strait
Source: The Globe and Mail
Geopolitics & WarEnergy Markets & PricesTrade Policy & Supply ChainTransportation & Logistics
The Houthis’ largest territorial gains in years near the Bab el-Mandeb Strait heighten risks to a critical global shipping chokepoint. The development could support Iran’s strategy of increasing world oil and gas prices to pressure the United States, raising the prospect of energy-market and shipping disruptions.
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