Bab el-Mandeb: Oil surges as Iran threatens another key global trade route
Global markets are on edge as tensions around Iran escalate, pushing oil prices closer to $120 per barrel. But beyond rising fuel costs, a far bigger threat is emerging — global trade routes. Iran has hinted at opening a new front near the Bab el-Mandeb Strait, a critical maritime chokepoint connecting the Red Sea to the Gulf of Aden.
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