Warning as Middle East attacks to spark 'global energy crisis' with soaring prices
EXCLUSIVE: Attacks on US and commercial ships in the Red Sea by Yemen's Houthi rebels could spark an energy crisis as prices soar, according to a geopolitical analyst.
Yemen's Houthis have launched a series of attacks against commercial and military ships in the Red Sea, a move that could spark a "global energy crisis," according to a geopolitical expert.
Irina Tsukerman - a fellow at Jerusalem Center for Public Affairs and CEO of Scarab Rising - said that if attacks continued, there could be catastrophic consequences for the region and the world.
Speaking to Daily Express US, she said the attacks could see "the price in oil and gas will rise exponentially" which would strengthen OPEC+ countries as well as Iran and Russia while weakening NATO.
About 10 percent of the world's oil passes through the Bab el-Mandeb Strait where the attacks have occurred.
Ms Tsukerman went as far as to say sustained attacks could lead to a "global energy crisis" which will drive up prices "having a significant impact on smaller and developing countries".
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Countries like South Korea and Japan - major economies that are huge energy importers - would likely also be affected which could have effects that ripple across the globe.
Tensions have soared in the Red Sea since the outbreak of war between Israel and Hamas following a bloody terrorist attack by the latter on October 7.
Since then, Yemen's Houthi rebels have joined the fray on the side of Hamas launching numerous ballistic missiles as well as drones at Israel and US naval assets in the region.
The group also attacked several commercial and an American warship last weekend.
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Houthi forces hijack tanker ship in the Red Sea
Last month, the Iran-backed group hijacked a cargo ship called the Galaxy Leader that they claimed was Israeli.
The Houthis said that the ship was taken to a port in Yemen.
Israel denied that the ship was Israeli and said no Israelis were onboard. PM Benjamin Netanyahu branded the incident "another act of Iranian terrorism".
The Houthis are part of the so-called Axis of Resistance - a collection of regional actors and countries, led by Iran, that are aligned against the US and Israel.
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