Russian Foreign Minister Lavrov warns that closure of Bab-el-Mandeb Strait could disrupt global oil markets and supply chains.
Macro & Markets ·
Russian Foreign Minister Sergey Lavrov cautioned that closure of the Bab-el-Mandeb Strait could cause serious damage to global oil markets, citing the waterway's critical role in oil shipping. Such a disruption could trigger significant price fluctuations and supply chain disruptions worldwide, according to Lavrov's statement.