BREAKING: Iran says it could shut the vital Bab el-Mandeb Strait if attacks are carried out on its territory or islands. Details include: 1. The Bab al-Mandeb Strait is a narrow passage linking the Red Sea to the Gulf of Aden and the Arabian Sea 2. ~12% of global seaborne oil passes through Bab al-Mandab 3. The Bab al-Mandeb Strait is the world’s 4th-largest shipping chokepoint 4. If both Hormuz and Mandeb are closed, total offline capacity could near 25 million barrels per day, or ~25% of global supply We now await the US' response to Iran's "five conditions" for a ceasefire.(The Kobeissi Letter)