Iran Orders Houthi Rebels to Prepare Blockade of Crucial Red Sea Shipping Lane

Iran Orders Houthi Rebels to Prepare Blockade of Crucial Red Sea Shipping Lane

2026-07-17 global

Tehran, Thursday, 16 July 2026.
Iran has instructed Houthi rebels to prepare a Red Sea blockade, a move that could close both major Middle East oil routes and drive prices to $200 a barrel.

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Geopolitical Risk Supply Chain Disruption