World
As Houthis grab Bab al-Mandeb, US appears willing to watch from sidelines
Stretched by its war with Iran, Washington may have little choice but to trust Houthi assurances on shipping.
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Stretched by its war with Iran, Washington may have little choice but to trust Houthi assurances on shipping.
About 12 per cent of world trade in oil by sea through the Bab al-Mandeb Strait. As the Strait of Ormuz is heavily disrupted by the war, Iran's allies threaten to further disrupt world trade by closing this second crucial maritime route in the Middle East.
Italy's defence minister warns of severe economic fallout if Bab al-Mandeb becomes impassable, bypassing EU delays.