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Iran has reportedly instructed Yemen's Houthis to close the Bab el-Mandeb Strait if the U.S. strikes Iranian power infrastructure. The Strait of Hormuz is already closed, which would leave two major oil export routes disrupted at once.
indiatoday.intoday.inIran has reportedly told Yemen's Houthis to be ready to close the Bab el-Mandeb Strait if the U.S. strikes Iranian power infrastructure, according to Reuters sources. With the Strait of Hormuz already shut, a disruption in the Red Sea would hit the Middle East's two main oil export routes simultaneously, raising the risk of a severe global energy shock.
Sources say the Houthis have positioned missiles and drones near the Red Sea gateway and are awaiting orders. Saudi Arabia is reportedly treating the threat seriously as tensions between Tehran and Washington continue to escalate.
These outlets didn't split into competing frames — coverage was uniform.
bloombergquint.comThe trade pact eliminated UK tariffs on Indian jewellery. Indian indices fell while US markets rose on bank earnings. TSMC expanded its Arizona investment.
Abc NewsThe central bank lifted its policy rate by 0.25 percentage points on July 15. All seven monetary policy committee members backed the move amid inflation above target and rising household debt.
news.sky.comBritain's visible trade balance recorded a deficit of 18.66 billion pounds in May. The overall trade balance deficit also narrowed from the prior month.