Alhasan: Houthis Gain in Yemen Significant for Iran

Saudi Arabia shut a major crude pipeline following attacks, according to Bloomberg. Oil prices rose following the closure of the route, which had been used to bypass the Strait of Hormuz. A planned meeting between Iran and several Gulf nations regarding a temporary shipping lane through the Strait of Hormuz was postponed. Hasan Alhasan, Senior Fellow for Middle East Policy at the International Institute for Strategic Studies, discussed regional developments with Bloomberg.

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