Higher education in Financial Engineering and Money & Capital Markets. SPK (Turkey CMB) licence. 16 years across institutional markets, research, and quant-driven analytics.
AI summary
<p></p><p>Yemen's Iran-backed Houthis have completed the takeover of Bab el-Mandeb Strait after capturing strategic points in the Red Sea, according to the AFP. Bab el-Mandeb connects the Red Sea with the Gulf of Aden and provides a key maritime route between the Indian Ocean, the Suez Canal and Europe. Around 10% of global trade passes through this waterway. </p><p>That leaves global energy flows facing pressure from both ends of the Arabian Peninsula. Iran's disruption of Hormuz threatens the main route out of the Persian Gulf, while Houthi control of Bab el-Mandeb creates another bottleneck for shipments moving through the Red Sea and toward the Suez Canal.</p> This article was written by Giuseppe Dellamotta at investinglive.com.
AI commentary is generated from public news feeds and is not investment advice.