Yemen sits on the southern gateway to the Red Sea, and closing that would open up a new front in the energy crisis and Iran's overarching conflict with the U.S. UN concerned about Houthi Red Sea naval blockade threats The United Nations said that it is concerned about Houthi threats to impose a "maritime embargo" on Saudi Arabia, which could potentially trigger a fresh surge in crude oil prices, disrupt fuel supplies and have further ramifications on the global economy. "It’s obviously another chokepoint.
We’re already seeing the impact of the near-closure of the Strait of Hormuz and what impact that is having on the global economy," UN spokesman Stephane Dujarric said on Monday.
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