Trump faces new oil shock threat as Iran eyes second strait

(Scott Waldman – Politico) It’s not just Hormuz. There’s a second strait in the Middle East vital to global energy markets that Iran is threatening to close if President Donald Trump fails to wind down the Iran war. The world is already experiencing the worst disruption to global energy markets in history following U.S. and Israeli attacks on Iran. But if Iranian proxies close the Bab el-Mandeb strait — a busy Red Sea choke point — it would compound global financial woes and likely push oil prices to $150 a barrel, experts said. – Trump faces new oil shock threat as Iran eyes second strait – POLITICO