A Chokepoint for World Trade

September 10, 2026

Yemen’s Iran-backed Houthi militants have taken control of an area near the Bab el-Mandeb strait, With the Strait of Hormuz largely closed, the Bab el-Mandeb has become very important for global shipping, The Iran-backed Houthis have been in a struggle against the Saudi Arabia-backed Yemeni government, The attacks on Saudi targets started fires at oil facilities and wounded more than 70, Reports indicated that Iran had planned an economic “nuclear option” closing the Bab e-Mandeb, The price of oil jumped to $109 a barrel, The average price of diesel hit $6.00 for the first time ever, The new record will be painful, especially if diesel prices continue to climb, Trump spent the day at the Dallas rally that is intended to fire up his base before the midterms.

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