The Houtis & Hezbullah, the proxy groups of Iran, are yet not active. They’re silent. Though this can be temporary.
Once this war escalates, they might get activated. Iran will leverage them.
It’s the backup strategy of Iran for battling once things gets more intense.
Once Houtis are active and start attacking Bab al-Mandab Strait, it’s game over for oil market. Bab al-Mandab Strait is a narrow passage for ships entering or exiting the Red Sea,
And this can disrupt 6-7 millions barrels per day of the oil redirected by Saudi.
With both Straight of Hormuz & Red Sea passage impacted, god can only save all.
Remember, Iran had been preparing for this war since past 20 years.
They won’t back down easily. They’ll use everything in their armory.
On the other hand, the US is caught in a trap.
US wants to exit this war by claiming false victory, pleading NATO allies to join (but they don’t) and facing heat from their own people.
So far, Iran has upper hand in this war.
And the one who has upper hand dictates oil prices.
And Iran really wants oil to boil at $200 to put maximum damage to the US economy and create pressure on US by all the global counterparts as inflation sky rockets.
US miscalculated a big time and the price will have to be paid by ALL.
