Saudi Arabia and the global economy in a tight spot
After Ormuz, another strategic strait for maritime trade, that of Bal Al-Mandab, is threatened by the Houthi rebel offensive in Yemen against Riyadh. An escalation that plays into the hands of the Iranian regime, the latter clearly aiming for a surge in oil prices to make Donald Trump back down.
We haven't written up this one. Le Monde Economie has the full story — the link below goes straight to it.