Noel King

It seems like maybe at some point someone said there's a maritime law.

You've got to let ships pass.

Otherwise, the global economy goes to hell.

Okay, so arguably everybody is breaking some laws in this war.

Certainly in the U.S.

we are having that debate in earnest.

But you told me that Iranian oil is getting out.

What does that mean for Iran and what does that mean for the rest of the world?

It used to be 60-something to fill my tank.

Now it's 90-something.

I would think that if the war ends, Iran says, OK, it's over.

The U.S.

says, OK, it's over.

And then the Strait of Hormuz opens back up.

We get back to normal pretty quickly?

There is another key waterway in this region, Bab al-Mandab.

And as I understand it, if I'm looking at my map right, you've got the Strait of Hormuz on one side of Saudi Arabia.

Bab al-Mandab is on the other side of Saudi Arabia.

Late last week, the Houthis in Yemen entered this war and many analysts said, oh, wow, we might have another problem here.

What is the threat on the other side of Saudi Arabia?