Comprehensive Maritime Escalation: Houthis Threaten to Close "Bab al-Mandab" as Tehran Maintains Closure of Hormuz
The Houthi group has threatened to close the Bab al-Mandab Strait in response to Trump’s policies, while the Iranian Revolutionary Guard Corps (IRGC) confirmed that the Strait of Hormuz will remain closed due to Washington's breach of the truce.
Coinciding with the blockage of these vital waterways, Israeli media outlets have revealed intensive military preparations for the potential resumption of war with Iran immediately following the expiration of the U.S. deadline.
MARKET IMPACT:
The threat to close two strategic straits is driving up shipping costs and causing oil prices to skyrocket as market panic sets in.
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