Iran Directs Houthis to Prepare Red Sea Closure as Two-Chokepoint Risk Goes Operational
🔴 CHOKEPOINT — Iran just activated the Houthis. Two chokepoints. Zero bypasses. 📌 LOOK CLOSER: An Iranian directive to prepare Bab el-Mandeb closure moves this from market speculation to operational coordination. Both chokepoints closing removes every bypass for Asian and European buyers. SPR exhausted, Hormuz collapsed — Red Sea shutdown means rationing, not just price shock. European importers have no buffer window.