Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.
Category: Bab al-Mandab Strait
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Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz
The New York Times – Business: -
Four Killed in Houthi Strike on Red Sea Ship, Yemeni Government Says
The New York Times – On the Runway:The Yemeni government said the ship was carrying food supplies to a port on the Bab al-Mandab Strait. The Iran-backed Houthis have not commented on the attack.
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Houthis Threaten to Expand Red Sea Attacks, and Claim Strike on Saudi Tanker
The New York Times – On the Runway:Saudi Arabia has not commented on the claim by the Houthis, who are backed by Iran and have vowed to close “all access routes” to Saudi oil shipments.
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For Iran, Trump’s Reversal on Escalation Shows Who Has the Upper Hand
The New York Times – On the Runway:By expanding the arena of fighting in the region, experts say, Tehran sent a warning about the dangers of a widening war.
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Shipping Risks Rise Across Crucial Middle East Oil Routes
The New York Times – Business:Attacks on ships in the Strait of Hormuz and the Bab al-Mandab strait are disrupting the passage of oil tankers in the Persian Gulf and the Red Sea.