Oil at Risk: Saudi Arabia Pressures Washington Over Hormuz and Red Sea Threats

Saudi Arabia demands the United States should lift the blockade of the Strait of Hormuz and resume negotiations with Iran. The demand specifically refers to the American blockade, which began on Monday. Fears of Iranian Control and Economic Fallout Saudi officials are concerned that Iran could ultimately consolidate control over the strait once the conflict ends. In the kingdom's view, such an outcome would represent an economic catastrophe for countries across the Persian Gulf. In addition, Riyadh considers a potential retaliatory move by Iran highly likely: the closure of the Bab el-Mandeb Strait in the Red Sea. This route currently carries the bulk of Saudi Arabia's exports.