Insights / News vs. Numbers
Bab el-Mandeb escalation. Why now?. It is no longer the same chokepoint. What next?
Saudi Arabia built a Hormuz bypass. The Houthis may now be sitting across it. The Houthi advance around Bab-el-Mandeb comes just as Saudi crude dependence on the Red Sea route has increased sharply. But the biggest oil-market risk may not be closure of…
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