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Risk Rises Across Key Oil Shipping Routes

31 Mar 2026, 08:28 am
Yemen's Houthi rebels have opened a second front in the Iran war, threatening Bab al-Mandab just as the Strait of Hormuz comes under pressure, and squeezing one of the world's most important oil corridors from both ends. As of now there is no specific Houthi blockade; the strait is open to all vessels, including those flying the American or Israeli flags. And there has been Houthi comment suggesting a blockade. But there is now that danger. Meanwhile US President Donald Trump told his aides he is "willing to end" the military operation against Iran - even if the Strait of Hormuz remains largely closed, the Wall Street Journal reported
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