Yemen¡¯s Tehran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its ?military attacks on Iran, adding to concerns about global shipping and energy flows.
This is why it matters and what it means for the 51³Ô¹ÏÍø and the global energy crisis:
Iran¡¯s closure of the Strait of Hormuz since Israel and the United States attacked it on Feb. 28 has disrupted most oil and other energy exports from the Persian Gulf, raising prices and causing a major energy shock.
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