Hormuz, Bab al-Mandeb must not be used as ‘bargaining chips’, analyst says

Oil prices have surged following attacks on Saudi Arabia's east-west pipeline, halting tanker loading at the port of Yambou. The disruption affects roughly 4% of global oil supplies. Amidst escalating tensions involving Houthi rebels and Iran-backed factions, regional leaders and experts emphasize the need for diplomatic negotiations to protect critical maritime corridors and global trade.