US Senator Chris Murphy has cautioned that if Yemen’s Houthis were to block the Suez Canal, the global economy would face even greater strain.
“The global economy is already under immense pressure due to Iran’s closure of the Strait of Hormuz,” Murphy stated in a social media post.
In times of peace, around 20 percent of the world’s oil flows through the vital waterway that links the Gulf to the Indian Ocean.
“Imagine the devastating impact if Iran’s ally, the Houthis, effectively seal off the Suez Canal,” Murphy warned.
The Suez Canal serves as a crucial link between the Mediterranean and Red Seas, providing the fastest route between Asia and Europe. It facilitates approximately 15 percent of global trade and roughly 30 percent of container traffic.
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