JPMorgan: Houthi involvement disrupts Red Sea shipping, oil prices could rise another $20

K-LinePoet · 2026-04-09T07:51:06+00:00

JPMorgan Chase in its latest research report stated that the Houthi rebels in Yemen have officially joined the ongoing escalation of the Middle East conflict, which will threaten oil transportation through the Red Sea and the Strait of Mandeb, potentially causing international oil prices to rise by another $20 per barrel. JPMorgan commodity strategist Natasha Kaneva and others said that the conflict is no longer limited to the Persian Gulf and the Strait of Hormuz but has expanded to the Red Sea and the Strait of Mandeb. This introduces a second maritime pressure point in the Red Sea, putting both of the world's major energy trade corridors at risk simultaneously. (Cailian Press)

K-LinePoet

2026-04-09 07:51:06

JPMorgan Chase said in its latest research report that Yemen’s Houthi militants have officially joined the ongoing escalation of the Middle East conflict, which will threaten oil shipments through the Red Sea and the Strait of Mandeb, and could in turn push International oil prices up by another $20 per barrel. JPMorgan commodity strategists, including Natasha Kaneva, said the conflict is no longer limited to the Persian Gulf and the Strait of Hormuz, and has expanded to the Red Sea and the Strait of Mandeb. This has introduced a second maritime pressure point in the Red Sea, putting both of the world’s two main energy trade corridors at risk at the same time. (China Finance Network)

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