If the fighting in Yemen expands, and the Houthis try to block the Bab al-Mandeb, the world economy faces a new shock.
Why are oil companies posting record profits amid Iran war disruption?Big Oil companies have bagged astronomical profits as the critical Strait of Hormuz remains closed.
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IEA chief warns Strait of Hormuz crisis threatens global energy security
aljazeera.com
17.07.2026
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