Sources indicate Iran has instructed Yemen's Houthi movement to be ready to close the Bab el-Mandeb strait, a critical Red Sea oil route, should the US attack Iranian power infrastructure. This potential move, combined with the existing closure of the Strait of Hormuz, threatens to disrupt both major Middle East oil export routes simultaneously, exacerbating the global energy crisis. The Red Sea currently carries about 7% of global energy supplies, with Saudi Arabia diverting 70% of its oil exports through its Red Sea port. This escalation could significantly boost crude oil prices and increase safe-haven demand for gold, potentially impacting Pakistan's import bill and fueling domestic inflation.
بحوالہ / Source: www.brecorder.com