Iran’s Houthi allies capture strategic island on vital oil shipping route - The Guardian
Iran’s Houthi allies capture strategic island on vital oil shipping route - The Guardian
Source: The Guardian
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DW NOTE
Iran's allies now control both ends of a second chokepoint while the Strait of Hormuz has been effectively closed for 195 days. The oil price is up 60% year-over-year and global supply is down 4.3 million barrels per day, but markets are pricing this as a temporary disruption rather than a structural shift in who controls the Gulf.