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strikeJul 22, 2026

Another Hormuz: How Iran's Houthi Card In Red Sea May Torch Oil Markets

Summary

The Iran-backed Houthis in Yemen announced on Monday that they would block maritime trade with Saudi Arabia, a move that could further strain global energy markets already affected by Iran's blockade of the Strait of Hormuz.

Source: Altaf Hussain — Read the full report

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  • Altaf HussainBy Altaf Hussain

    The Iran-backed Houthis in Yemen announced on Monday that they would block maritime trade with Saudi Arabia, a move that could further strain global energy markets already affected by Iran's blockade of the Strait of Hormuz. It remains unclear whether the Houthis would resume att…

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