Kathmandu. \u0964 The war between the United States and Iran has resumed. As a result, transportation through the Strait of Hormuz has been halted. Most of the ships are sailing at night or in secret. However, they are unable to operate at full capacity. <\/p>\n
Due to this tension, the price of crude oil has risen sharply to about $ 85 per barrel. Meanwhile, US President Donald Trump is talking about imposing a 20 percent tariff on ships passing through the country. This is now intensifying tensions and raising the possibility of a further rise in crude oil prices. <\/p>\n
Meanwhile, Yemen has threatened to close another waterway similar to the Strait of Hormuz. The price of crude oil is expected to reach $ 200 per barrel. Global inflation could reach record levels and global stock markets could fall sharply. <\/p>\n
In fact, Yemen has threatened to close the strategically important Bab al-Mandeb waterway amid concerns about global energy supplies and maritime trade. Like Hormuz, Bab al-Mandeb is a chokepoint. This waterway connects the Red Sea to the Gulf of Aden and the Indian Ocean. <\/p>\n
If this waterway is closed, global shipping could be disrupted. The price of crude oil may skyrocket. This will affect the trade routes to India. <\/p>\n
Mohammed al-Farah, a member of the political bureau of Yemen’s Ansarullah movement, said the Bab al-Mandeb and Hormuz waterways could be closed if Saudi Arabia continued to target Yemen’s infrastructure. <\/p>\n
The price of crude oil could reach $200<\/strong><\/span><\/p>\n }<\/p>\n “If the current situation goes wrong, Bab al-Mandeb and Hormuz will be closed under a working coalition,” Press TV quoted Al-Farah as saying on Monday. After that, the price of oil will skyrocket to $ 200 per barrel. That would be a devastating blow. \u2019<\/p>\n Why is this waterway so special?TAG_OPEN_strong_20 <\/strong><\/span><\/p>\n Bab al-Mandeb is a strategically important waterway between the Arabian Peninsula and the Horn of Africa. It connects the Red Sea to the Gulf of Aden and the Indian Ocean. This makes it one of the busiest waterways in the world. The route also serves as the southern gateway to the Suez Canal and carries about 10 to 12 percent of global maritime trade. It also comprises an important part of global energy transport. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. \u0964 The war between the United States and Iran has resumed. As a result, transportation through the Strait of Hormuz has been halted. Most of the ships are sailing at night or in secret. However, they are unable to operate at full capacity. Due to this tension, the price of crude oil has risen […]<\/p>\n","protected":false},"author":16,"featured_media":306949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-306951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/306951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=306951"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/306951\/revisions"}],"predecessor-version":[{"id":306952,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/306951\/revisions\/306952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/306949"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=306951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=306951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=306951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}