Bab el-Mandeb Strait: Oil Price Shock Looms
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Bab el-Mandeb Strait, a crucial oil route between Yemen and Africa, is under threat due to Houthi attacks, potentially causing oil prices to skyrocket and disrupting global economies. Companies like ConocoPhillips and Occidental Petroleum could benefit from increased oil prices, as they operate in regions less affected by the conflict.
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