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fxJul 16, 2026, 11:46 PM

Iran Tells Houthis to Close Red Sea Oil Route if US Strikes

Iran has reportedly asked Yemen’s Houthi militia to prepare to close the Red Sea oil route if the US attacks Iranian power infrastructure, threatening global energy supplies.

Iran has instructed Yemen’s Houthi group to be ready to block the Red Sea oil shipping lane in the event of a US strike on Iranian power infrastructure, according to a Reuters report. The directive poses a significant risk to global energy supply chains.

The move escalates tensions in the region, as the Red Sea is a critical corridor for oil tankers. Any disruption could drive up energy prices and heighten volatility in currency markets tied to commodity-exporting economies.

No further details on timing or specific operational plans were provided in the original report.

Source: FXStreet Forex News