Energy Update - Morning Express - Blue Line Futures

The war with Iran is escalating this morning as the IRGC instructed the Houthi's in Yemen to close the Bab el-Mandeb gateway to the Red Sea if the US strikes Iran's power network. The Bab el-Mandeb gateway is another crucial chokepoint to global trade, linking the Arabian Sea to the Red Sea and onto the Suez Canal. Crude prices have jumped this morning on the news.A sunset over a fuel tanker by Sebastian via Pixabay