Bahrain's Foreign Minister says we demand that Iran stop supporting and arming the militias affiliated with it and refrain from any practices that threaten freedom of navigation in the Strait of Hormuz and the Bab al-Mandab Strait, Al Jazeera reports
- We are facing a dangerous escalation resulting from Iran's illegal and ongoing attacks on a number of Arab countries
Context
Bahrain's Foreign Minister's statements indicate rising tensions in the Gulf due to Iran's alleged military support for militias, particularly affecting strategic waterways like the Strait of Hormuz. This escalation could provoke market concerns regarding oil supply disruptions, impacting WTI prices and energy markets, as these straits are crucial for global oil transportation.
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