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West Asia’s Twin Chokepoint Conflicts Threaten Global Trade

West Asia’s Twin Chokepoint Conflicts Threaten Global Trade
Double choke in West Asia threatens another global crisis · firstpost.com

The article says two important sea routes near West Asia are being threatened by fighting.

One route is the Strait of Hormuz, where much oil and gas normally pass.

The other is the Bab el-Mandeb, which connects the Indian Ocean to the Red Sea.

The Houthis and Saudi Arabia are fighting near the second route.

Iran and the United States are also in conflict near the first route.

If ships cannot use these routes, they may need to travel around Africa, taking much longer.

Longer journeys can make fuel and other goods more expensive.

The article says peace efforts are happening, but an early solution appears unlikely.

Key facts

Main concern
A possible “double choke” affecting the Bab el-Mandeb and Strait of Hormuz.
Bab el-Mandeb trade share
The article says the passage carries 10-12% of global maritime trade.
Hormuz energy share
The article says the Strait of Hormuz previously carried 20-25% of global energy trade annually.
Shipping detour
Rerouting around Africa can add 12-14 days to transit times.
VLCC traffic
S&P Global reportedly recorded no Very Large Crude Carrier transit through Bab el-Mandeb after September 9, compared with 24 in August and 63 in July.
Iran’s conditions
Iran reportedly seeks release of frozen assets, an end to attacks and the naval blockade, and non-interference in its internal affairs.
Diplomatic efforts
Qatar, Oman and the United Arab Emirates are described as pursuing regional security arrangements and possible non-aggression measures.

Quotes

US State Department

The United States government department responsible for foreign policy and diplomatic warnings

“Iranian-supported Houthis have engaged in hostilities against Saudi Arabia, including civilian airports. This military conflict has the potential to escalate rapidly”
firstpost.com

Sources

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