Strait of Anxiety: The Red Sea Conundrum The recent escalation in the Middle East has brought the region to a precarious juncture.
Iran's proxy forces have been wreaking havoc on shipping lanes and oil infrastructure, raising questions about what this means for global energy markets.
Saudi Arabia has been diverting up to 70 percent of its oil exports via a pipeline connecting the Persian Gulf to the port of Yanbu on its Red Sea coast in an effort to mitigate risks associated with the Strait of Hormuz.