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'Potentially looking at $100 oil' if Houthis block Bab al-Mandeb strait
The Houthis’ blockade of the Bab al-Mandeb strait couldn’t have come at a worse time for the oil market. Iran’s proxies in Yemen have threatened to cut off a major bypass of the Strait of Hormuz, through which oil tanker traffic has slowed dramatically in recent days. 0:00 Oil prices have surged $20/barrel this month, as Houthis threaten ...
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