Bab el-Mandeb Strait: The 'Gate of Tears' Faces Closure Threat, Global Trade at Risk

• Yemen's Houthi rebels joining the war escalates threats to the Bab el-Mandeb Strait, a critical maritime route.
• This narrow sea lane, also known as the "Gate of Tears," is vital for ships traveling between Asia and Europe.
• Approximately 10-12% of global oil, gas, and trade passes through this strait, including Suez Canal traffic.
• Closure or disruption could skyrocket oil prices to $150/barrel, increase shipping costs, and delay goods.
• India faces higher oil/gas costs, increased industrial expenses, inflation, and supply chain disruptions.