Yemen in crisis: a new global choke-point?
-13 percent of world’s oil travels through Gulf of Aden as it travels up through Suez Canal — almost all of it heading to Europe.
- Almost 8 percent of all world trade via shipping goes through Suez Canal.
- Iran is seen to be trying to build a “Shia Crescent.”
- lran sees/fears being encircled by “Sunni Crescent.”
- If Yemen falls completely to Houthi
tribal control — de facto, becoming an lranian satellite — what threat does it
pose to Saudi Arabia?
- Question: will a nuclear deal with lran empower them regionally? Or will it further spur the Sunni nations to increase their defense efforts?
Deutsche Bank Francis J. Kelly Global Public Affairs francis.j.kelly@db.com
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