By David Goldman, CNN (CNN) — The Houthis’ blockade of the Bab al-Mandeb strait couldn’t have come at a worse time for the oil market. Iran’s proxies in Yemen have threatened to cut off a major bypass of the Strait of Hormuz, through which oil tanker traffic has slowed dramatically in recent days.
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Iran's Houthi Allies Threaten to Block the Other Main Oil Route | Since Then
