Lines of Leverage
Iran’s shifting its pressure campaign from Hormuz toward the Bab el-Mandeb this week, betting that growing Houthi control of the Red Sea chokepoint can provide Tehran with greater leverage over Washington. Shipping volumes through Hormuz have collapsed amid renewed US-Iran kinetic flare-ups, while rapid Houthi advances in Yemen now threaten to give Iran an additional lever over global maritime traffic—and potentially the ability to trade Houthi gains for recognition of its sovereignty at the Strait of Hormuz. Depending on Riyadh’s response to the recent attacks on its soil, Houthi strikes could generate significant leverage—or instead galvanize a coalition prepared to escalate militarily against the Houthis and their Iranian backers.
Bloomberg Surveillance: CPI and Security
[19:00] Jack Devine, former CIA official and founder of The Arkin Group, reflects on 25 years since 9/11 and the current state of US national security.
