Rising Tension in the Red Sea: Risks to Maritime Trade and the Energy Market
July 15, 2026
The tension between the USA and Iran is escalating in the Red Sea region. Iran threatens to close maritime routes, including the Strait of Hormuz, if the USA continues its attacks. The strategic importance of the Straits increases concerns about the international energy market, as a potential closure of Bab el-Mandeb would have severe consequences. Saudi Arabia is already altering its export routes to avoid potential strikes. The recent developments are worrying for oil prices.