Crisis GroupArticle
The New Red Sea Wars
Conflicts in the Middle East and the Horn of Africa Have Become Inseparable
mloukili
DwayneThu, 15 Oct 2026
Conflicts in the Middle East and the Horn of Africa Have Become Inseparable
Oil, gas and fuel prices are central to the U.S.-Israeli war with Iran, with Washington striving to lower them and Tehran to keep them high. With both sides determined to prevail, five market-shaping developments in particular could affect whether fighting ramps up or de-escalates.