Iran's Gamble on Global Oil Supplies May Backfire
The recent attacks on Saudi tankers and facilities by the Houthis have raised concerns about Iran's strategy in the region. According to analysts, there is no realistic scenario in which the Houthis would take such actions without the approval of Tehran.
Iran wants to create a situation where global oil supplies run low, and prices rise, making it difficult for countries like Saudi Arabia to maintain their economic stability. The blockade on Bab-El-Mandeb has forced tankers to take a longer route through the Suez, doubling fuel costs.
The threat to Saudi Arabia's interests has also alarmed Pakistan, which relies heavily on Saudi Arabia for oil supplies and has a defense pact with Riyadh. If Pakistan refuses to support Saudi Arabia, it could damage their relations and credibility in the region.
Iran's current strategy may ultimately backfire as it risks forcing Gulf countries into a deeper US alliance out of necessity. This could lead to increased defensive capabilities and regional alliances that exclude Iran.