SignificantEconomyAxios·Axios

It's one choke point after another in the global economy

Commodities researchers at Standard Chartered Bank stated that Middle East risk has become a two-choke-point problem, with Houthi militants targeting ships in the Bab el-Mandeb Strait. Energy prices surged, with Brent crude trading above $100 a barrel Thursday.

Impact Score

5/10

Friday, July 24, 2026 at 05:10 AM EDT

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