🚨🇸🇦 SAUDI ARABIA MOVES PIECE AGAINST THE HOUTHS
⚔️ Important escalation in Yemen: the Yemen government backed by Saudi Arabia announced today a new military operation to retake territories controlled by the Houthis, following their recent advances along the Red Sea coast.
🌊 Why does BAB EL-MANDEB matter so much?
This strait connects the Red Sea to the Gulf of Aden and is one of the strategic shipping routes between Europe and Asia.
🔥 The Houthis have recently expanded their presence around this area, increasing pressure on maritime trade and supply chains.
🇸🇦 Saudi Arabia had already been assessing an offensive to regain strategic positions around Bab el-Mandeb.
💥 Now the situation enters a new phase.
If forces backed by Riyadh manage to regain strategic positions, it could reduce the Houthis’ ability to exert pressure on this shipping route.
🌍 And here’s what matters for markets:
⛽ Oil
🚢 Shipping
📦 Supply chains
💵 Inflation
📈 Geopolitical risk for financial markets and crypto
⚠️ NOTE: this does NOT automatically mean Iran has lost its influence or that the conflict is decided. This is a developing military operation and the outcome is still uncertain.
👀 Bab el-Mandeb is back at the center of the geopolitical chessboard.
Do you think this escalation could increase volatility in BTC and cryptocurrencies? 👇
#BTC #Bitcoin #Crypto #Geopolitics
⚔️ Important escalation in Yemen: the Yemen government backed by Saudi Arabia announced today a new military operation to retake territories controlled by the Houthis, following their recent advances along the Red Sea coast.
🌊 Why does BAB EL-MANDEB matter so much?
This strait connects the Red Sea to the Gulf of Aden and is one of the strategic shipping routes between Europe and Asia.
🔥 The Houthis have recently expanded their presence around this area, increasing pressure on maritime trade and supply chains.
🇸🇦 Saudi Arabia had already been assessing an offensive to regain strategic positions around Bab el-Mandeb.
💥 Now the situation enters a new phase.
If forces backed by Riyadh manage to regain strategic positions, it could reduce the Houthis’ ability to exert pressure on this shipping route.
🌍 And here’s what matters for markets:
⛽ Oil
🚢 Shipping
📦 Supply chains
💵 Inflation
📈 Geopolitical risk for financial markets and crypto
⚠️ NOTE: this does NOT automatically mean Iran has lost its influence or that the conflict is decided. This is a developing military operation and the outcome is still uncertain.
👀 Bab el-Mandeb is back at the center of the geopolitical chessboard.
Do you think this escalation could increase volatility in BTC and cryptocurrencies? 👇
#BTC #Bitcoin #Crypto #Geopolitics