Iran-backed Houthis have threatened to sever Saudi Arabia’s remaining oil export route by targeting the Bab el-Mandeb, as the Iran war escalated. The group warned it could block the key waterway linking the Red Sea to the Indian Ocean, effectively cutting off exports rerouted through Yanbu after disruptions in the Strait of Hormuz. They also reportedly considered targeting Saudi pipelines and the UAE’s Fujairah terminal. The threats raised fears of simultaneous disruption at two critical global oil chokepoints, potentially impacting millions of barrels of daily supply and intensifying volatility in global energy markets.

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