The Indicator from Planet Money · Friday, July 17, 2026
Following tensions in the Strait of Hormuz, Iran is reportedly threatening to close the Bab el Mandeb strait at the southern end of the Red Sea, a crucial route for Saudi oil exports. This action, supported by Iran's allies the Houthi rebels in Yemen, could lead to increased pressure on global oil prices.
“And to your point, Darian, another one that came up this week is the Bab el Mandeb.”
“So it sounds like there's going to be more pressure on oil prices.”
“Yeah, and according to Iranian media reports, the Iranian government is now threatening to close the Bab el Mandeb.”