Burning Oil: The Unseen Casualties of the Middle East's Endless War The latest escalation between Iran backed Houthis and Saudi Arabia, coupled with US strikes against Iranian military targets, has sent oil prices soaring.
The Strait of Hormuz, a critical chokepoint for global energy supplies, is now threatened by the possibility of a full blown naval blockade.
This would have catastrophic consequences: the Bab el Mandeb gateway to the Red Sea accounts for 7% of global oil supply.