US-Iran Tensions: How Blockade Threats Could Disrupt Global Oil and Shipping Markets

Iran has reportedly closed the Strait of Hormuz, while the Houthi movement has announced a blockade of the Bab al-Mandeb Strait, placing two of the world's most strategically important maritime chokepoints under simultaneous pressure. The developments threaten to disrupt key global energy and trade routes, with Saudi Arabia's alternative oil export corridor through the Red Sea also facing increasing uncertainty. In an in-depth discussion, Andrea Heng and Poh Kok Ing examine the growing economic implications of these developments. Joined by Stephen Zunes, Professor of Politics and International Studies at the University of San Francisco, they explore how financial markets are responding to disrupted supply chains, rising shipping and insurance costs, and the potential for renewed inflationary pressures as global trade routes are forced to adapt.

Disclaimer: This Podcast is taken from CNA.