Oil Markets Must Now Price Two Middle East Chokepoints The latest developments in the oil market are a stark reminder of the ongoing instability in the Middle East.
Tensions between regional powers have escalated, and conflict continues to simmer, leaving energy markets increasingly vulnerable.
Standard Chartered's warning that Middle East oil market risk has expanded from one to two key points – the Strait of Hormuz and now the Bab el Mandeb Strait – should be heeded by investors, policymakers, and consumers alike.