Iran has raised alarms regarding the Bab el-Mandeb Strait, indicating that it could become the next significant global shipping chokepoint. This warning comes in light of increasing tensions in the region, particularly around the Strait of Hormuz.
The Bab el-Mandeb Strait is a vital passage for oil shipments, and any disruption could have far-reaching implications for international energy supplies.
Experts suggest that if the strait were to be closed, oil prices could skyrocket to $200, significantly impacting global markets and economies.