In October 2026 the world faces simultaneous closure of Strait of Hormuz and Bab al-Mandab, blocking 39% of global trade. The collapse of Yemen’s 2022 ceasefire, a renewed Saudi-Houthi war, and a US-Iran war that began in February 2026 have turned the Red Sea into the Middle East’s last open chokepoint. Washington and Brussels have The post Yemen – Iran Pakistan at the crossroads, energy and the IPP trap appeared first on The Financial Daily.
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