The Bab el-Mandeb Strait, a crucial trade route into the Red Sea, is now also feeling the squeeze of the escalating war in Iran as vessels looking to pass through the waterway are facing the risk of strikes from the Iranian-backed terrorist group known as the Houthis, sending oil prices soaring past $100 a barrel for the first time in two months.
More ships have started to avoid the strait, signaling that the monthslong disruptions to global trade of oil and other products are not just limited to the Strait of Hormuz and could very likely grow worse amid prolonged fighting between the United States and Iran.
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