Iran, Gulf hit as Hormuz, Bab al-Mandeb close: What’s the latest?

🌐 Al Jazeera (IR) —
Iran, Gulf hit as Hormuz, Bab al-Mandeb close: What’s the latest?

AI Summary

The closures of the strategic Strait of Hormuz and Bab al-Mandeb have impacted Iran and Gulf maritime routes amid ongoing conflict, costing the US $37.5 billion so far. These developments affect regional security, shipping, and global energy trade.

Defense Secretary Pete Hegseth tells US senators that the war has cost the US $37.5bn so far.

World Security Conflict Politics Markets Energy Shipping Strait of Hormuz Bab al-Mandeb Iran Gulf maritime closure US defense regional conflict

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