Iran’s proxies in the region, the Houthis, have since blockaded another strait – the Bab-al-Mandeb – challenging Saudi Arabia’s ability to export oil through that alternate route.
—
David Goldman,
CNN Money,
3 Aug. 2026
During the early nineteen-eighties, when Paul Volcker, the chair of the Federal Reserve, raised interest rates to twenty per cent in the face of rampant inflation, furious farmers blockaded the Fed’s headquarters with their tractors.
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