Iran-Aligned Pressure on Two Oil Chokepoints Raises Oil Price, Boosts Diplomacy Calls

Iran and allied forces are tightening control over the Bab al-Mandeb strait in addition to the Strait of Hormuz, threatening two critical oil transit routes. This escalation is pushing oil prices higher and increasing pressure on the Trump administration to pursue diplomatic options. The situation is developing, with the full extent of control and immediate impact on shipping uncertain.