The Bab al Mandab Strait carries around 12% of global trade, making it one of the world's most important shipping routes. As Houthi threats intensify, concerns are growing over potential disruption to
This is wild that such a small stretch of water can impact global prices so quickly. I'm curious though—if these shipping routes are blocked, do the ships actually take the long way around Africa, or are there other shortcuts they use? How much does that actually add to the cost of the oil?
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