THE NEW YORK TIMES: The move against Saudi ships will add new pressure on energy markets. Tehran said it had received new proposals from mediators.
The Houthis, the Iran-backed armed faction in Yemen, said they would impose a blockade on Saudi ships, threatening to open a new front in the Middle East conflict and raising the pressure on volatile global energy markets.
The announcement was made as many in the region were tensely watching to see if the rounds of bombardment between U.S. and Iranian forces in the Persian Gulf would continue to escalate. The two countries traded new attacks on Monday, with Iran targeting countries that host U.S. military bases, despite efforts by mediators to calm tensions.
The latest hostilities initially focused on the Strait of Hormuz, but they have expanded into a cycle of attacks and counterattacks that have killed at least three American service members since Friday, hit Arab states across the Persian Gulf and damaged critical infrastructure in Iran and U.S.-allied Kuwait.
Iran’s chokehold on the Strait of Hormuz has reduced global fuel supplies, pushing prices upward, but Saudi Arabia, a U.S. ally, has been able to reroute some of its exports through the Red Sea. If the Houthis follow through on their statement that they will not allow Saudi vessels to pass through the Bab al-Mandab Strait, the southern portal to the Red Sea, it would worsen the global fuel crisis. Iran War Live Updates » | Aaron Boxerman, Ismaeel Naar, Sanam Mahoozi and Yan Zhuang | Monday, July 20, 2026
The master of the 'Art of the Deal' has got himself into a real fix with this illegitimate and unnecessary Iran War, hasn't he? He's in a fix, and so is the global economy. — © Mark Alexander
