Closure of Bab el-Mandeb Strait by Houthis to deal blow to container shipping market

AI Summary

The Bab el-Mandeb Strait closure by Houthi forces threatens container shipping markets but is unlikely to critically impact oil supplies, according to Russian International Affairs Council Vice President Mikhail Margelov. The disruption could have wider implications for global shipping and trade routes.

According to Vice President of the Russian International Affairs Council Mikhail Margelov, this event would not have a critical impact on oil supplies