International

Now there will be devastation in the Red Sea! Houthis announced blockade of Saudi ships, created panic in the oil market

By Samira Vishwas

Houthi Red Sea Blockade Oil Saudi Oil Crisis: The ongoing military conflict in the Middle East has now reached a point where there is a danger of the global economy collapsing. Yemen’s Iran-backed Houthi rebels on Monday made a big announcement of a complete blockade of Saudi Arabian ships in the Red Sea.

This move by the Houthis has not only opened a new front of the war, but also destroyed one of the world’s most important oil supply routes, ‘Bab al-Mandeb’ The clouds of crisis have deepened over the strait.

Saudi Arabia’s ‘lifeline’ attack on

Houthi military spokesman Yahya Sari told TV that they would not allow any Saudi Arabian ships to pass through the Bab al-Mandeb strait. Let us tell you that this waterway is the southern gateway to the Red Sea and is very important for international trade.

At present, global oil supply is already affected due to the mutual blockade between America and Iran on Hormuz. In such a situation, Saudi Arabia was using the Red Sea as an alternative route for the export of its crude oil, which the Houthis have now threatened to target.

Tension increased in the battlefield

This announcement comes at a time when the direct war between America and Iran has become even more violent. On the intervening night of Monday and Tuesday, the US Air Force bombed Iran for the 10th consecutive night.

The US Defense Ministry has admitted that the number of American soldiers injured during the conflict in the last two weeks has increased to almost 100, while three soldiers have been confirmed dead since Friday. President Donald Trump has reacted sharply to this and warned Iran that it will have to pay many times more for the life of every American soldier.

Outcry in the global oil market

This entry of Houthis has created panic in the international energy market. Experts believe that if the movement of ships in the Red Sea stops, crude oil prices could reach record levels. This is a matter of great concern not only for America and Gulf countries, but also for oil importing countries like India.

According to experts, this strategy of the Houthis has been designed to directly serve the interests of Tehran so that economic pressure can be created on America and its allies.

Also read:- Trump explodes 50% tariff bomb on Canada, there is panic in the global market due to the sound of trade war.

humanitarian crisis deepening

This conflict in the Middle East is no longer limited to just two countries. Critical infrastructure in the Arab countries of the Persian Gulf and Kuwait has been heavily damaged. This siege, extending from Hormuz to the Red Sea, has almost brought maritime trade to a standstill. If no solution is found soon at the diplomatic level, this regional tension could take the form of a full-fledged global economic crisis.

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