
Iran war expands: Oil market in crisis as Yemen enters conflict
25/7/2026
0:00
27:27
The US war against Iran is expanding into a larger regional conflict. After Trump sabotaged a diplomatic agreement, Tehran closed the Strait of Hormuz. Now Yemen's Ansar Allah (known commonly as the Houthis) has declared a naval blockade of Saudi Arabia, shutting down oil exports in the Red Sea. Ben Norton explains how this escalation could cause a severe crisis in the global energy market.
VIDEO: https://www.youtube.com/watch?v=mzJNwRPOnFs
Topics
0:00 Trump restarts Iran war
1:26 Yemen joins the war
2:45 Red Sea blockade
3:28 Oil transit chokepoints
5:05 Saudi East-West Pipeline
5:55 China cuts oil imports
6:27 Saudi oil exports
6:59 Oil price skyrockets
7:55 Gasoline prices rise
9:17 Potential for oil crisis
10:31 Reserves running low
11:21 Yemen explainer
13:07 Ansar Allah (Houthis)
22:05 Axis of Resistance
23:58 Iran grows stronger
27:17 Outro
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