$200 Oil Is Not a Fantasy: What Happens When Both Hormuz and Bab el-Mandeb Close at the Same Time

Iran controls Hormuz. Its proxies control Bab el-Mandeb. Together, that's 30% of the world's seaborne oil - and the global economy has no backup plan.

The full picture: six panels showing the data behind the worst-case scenario for global energy. Oil flows, prices, supply disruption, transit times, GDP impact, and regional exposure - all in one das…