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S8/10Geopolitical

Alhasan: Houthis Gain in Yemen Significant for Iran

Oil pushed higher after Saudi Arabia shut a major crude pipeline following attacks, disrupting a route used to bypass the Strait of Hormuz during the US-Iran war.

Meanwhile, a planned meeting between Iran and several Gulf nations on creating a temporary shipping lane through the Strait of Hormuz has been postponed.

Hasan Alhasan, Senior Fellow for Middle East Policy at the International Institute for Strategic Studies spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the developments in the region.

(Source: Bloomberg)

Source: Bloomberg MarketsOriginal source

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