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Iran, Yemen Threaten Strait Closures, Oil Near $200 per Barrel

7/14/2026

43 9 Full Breakdown

Summary

Story summary

Senior Yemeni official warned Yemeni forces could close the Bab el-Mandeb Strait, potentially pushing oil prices to $200 per barrel.
Iran signaled it could coordinate with Houthi forces to close the Bab el-Mandeb Strait, adding a second chokepoint and threatening Hormuz.
Abdulaziz Sager of the Gulf Research Center said Gulf states view diplomatic options with Iran as exhausted and may accept the costs of a defeated Iran for stability.

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Story summary

Senior Yemeni official warned Yemeni forces could close the Bab el-Mandeb Strait, potentially pushing oil prices to $200 per barrel.
Iran signaled it could coordinate with Houthi forces to close the Bab el-Mandeb Strait, adding a second chokepoint and threatening Hormuz.
Abdulaziz Sager of the Gulf Research Center said Gulf states view diplomatic options with Iran as exhausted and may accept the costs of a defeated Iran for stability.