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Josep Borrell's Warning About the Economic Consequences of Closing the Bab el-Mandeb Strait
Economy

Josep Borrell's Warning About the Economic Consequences of Closing the Bab el-Mandeb Strait

منبع تصویر: isna.ir

By Euronews Farsi Editorial 3 min Read time 33,714

Josep Borrell, the EU's foreign policy chief, issued a serious warning about the consequences of closing the Bab el-Mandeb Strait and the control of armed forces in Yemen over the shores of this region. The Bab el-Mandeb Strait, which is considered one of the most important maritime routes in the world, plays a sensitive and key role in global trade, and the impacts of its closure on the global economy could be severe.

The Importance of the Bab el-Mandeb Strait

The Bab el-Mandeb Strait, located between Yemen and Djibouti, is one of the most important maritime passages in the world, through which about 10 percent of global maritime trade passes. This strait is particularly significant for the transportation of oil and gas from the Middle East to global markets. In fact, closing this strait could lead to serious crises in energy supply and rising prices globally.

Economic Consequences

Borrell pointed out that the control of armed forces in Yemen over the shores of this strait could lead to greater instability in global trade, emphasizing that this issue must be taken seriously. He stated, "If this strait is closed, not only Yemen but all countries dependent on this maritime route will face serious problems." According to him, various countries must take necessary actions to prevent this situation.

The consequences of closing the Bab el-Mandeb Strait will not be limited to rising prices, but could also lead to political and social tensions in the surrounding areas. Many analysts believe that this situation could lead to increased insecurity in the Middle East and even beyond, on a global scale.

Josep Borrell also referred to the role of the international community in this matter and called for international cooperation to manage potential crises. He emphasized that "all countries in the world must pay attention to this issue and be prepared to deal with its consequences." These concerns arise as tensions in Yemen have significantly increased, and the control of strategic areas is fiercely contested.

Ultimately, Borrell pointed out that any action to cut access to the Bab el-Mandeb Strait could have irreparable consequences, urging the international community to seek diplomatic and peaceful solutions to resolve this crisis.

Source: isna.ir