Threats to Saudi Arabia and the Global Economy

Following the Hormuz Strait, the Bab el-Mandeb Strait, a strategic maritime passage, is also under threat. This time, the threat emerges from the attacks by Houthi rebels in Yemen targeting Riyadh. These attacks by Houthi forces have the potential to destabilize Saudi Arabia and its surroundings. This situation could have serious consequences not only for the region but also for global energy markets. This move by the Houthis also serves the interests of the Iranian regime. By carrying out such actions against Saudi Arabia, Iran aims to create economic pressures by encouraging a rise in oil prices worldwide. Such an increase could lead to fluctuations in both Saudi Arabia and global markets. These developments could also affect the balance of power in international relations. The rise in oil prices poses a problem, especially for countries dependent on energy, and becomes a factor threatening economic stability. Therefore, this threat in the Bab el-Mandeb Strait is becoming more than just a regional issue; it threatens the economic balances worldwide as well.

Source: Le Monde