Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
Iran war expands: Oil market in crisis as Yemen enters conflict
27 minutes Posted Jul 25, 2026 at 3:00 pm.
Trump restarts Iran war
Yemen joins the war
Red Sea blockade
Oil transit chokepoints
Saudi East-West Pipeline
China cuts oil imports
Saudi oil exports
Oil price skyrockets
Gasoline prices rise
Potential for oil crisis
Reserves running low
Yemen explainer
Ansar Allah (Houthis)
Axis of Resistance
Iran grows stronger
Outro
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Show notes
The US war against Iran is expanding into a larger regional conflict. After Trump sabotaged a diplomatic agreement, Tehran closed the Strait of Hormuz. Now Yemen's Ansar Allah (known commonly as the Houthis) has declared a naval blockade of Saudi Arabia, shutting down oil exports in the Red Sea. Ben Norton explains how this escalation could cause a severe crisis in the global energy market.
VIDEO: https://www.youtube.com/watch?v=mzJNwRPOnFs
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