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https://sputnikglobe.com/20260420/hormuz-crisis-spread-to-bab-al-mandab-strait-of-malacca-would-wipe-out-the-world-economy-1124015179.html
Hormuz Crisis’ Spread to Bab al-Mandab, Strait of Malacca Would Wipe Out the World Economy
The three strategic chokepoints are “critical passageways where a lot of trade, a lot of energy flows take place,” and prolonged closure would have a “huge impact in terms of energy prices…GDP growth, employment,” and could trigger a global recession or depression, says financial analyst Syed Javed Hassan.
https://cdn1.img.sputnikglobe.com/img/07ea/04/14/1124015896_3:0:2012:1130_1920x0_80_0_0_d9d3c89e33e966d8f218505a6040c3a8.png
Malacca Strait, just 2 km wide at its narrowest point and heavily congested, accounts for 20-25% of global energy flows, and 25-30% of trade.Its sudden cutoff would have immediate and severe impact on “just about every sphere of life” – particularly in East Asia's major industrial economies, including Japan, South Korea, and in the long term - China, Hassan, the former chairman of the Pakistan-based Economic Advisory Group, says.The Hormuz crisis has put the world on an "escalation ladder," according to the analyst, who says Bab al-Mandab will be the first step up, "starting...a chain" that could ultimately escalate to the Malacca Strait.Ali Akbar Velayati, an advisor on international affairs to Iran's Supreme Leader, warned in an X post on Sunday that "the era of security being imposed from across the oceans has ended.""Today, not only is the security of Hormuz and Malacca ensured under the power of us and our strategic partners, but the security of Bab al-Mandeb is also in the hands of the Ansar Allah brothers. Any mischief will receive a chain of responses," Velayati wrote.
https://sputnikglobe.com/20260420/iran-slams-us-attack-on-merchant-ship-as-act-of-aggression-1124013888.html
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