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A new front is opening in the Iran war. Oil faces ‘no way out’
Summary by The El Paso Editorial Desk · Based on reporting by CNN Newsource , KVIA ABC-7
· July 22, 2026
· 5 min read
By David Goldman, CNN (CNN) — The Houthis’ blockade of the Bab al-Mandeb strait couldn’t have come at a worse time for the oil market. Iran’s proxies in Yemen have threatened to cut off a major bypass of the Strait of Hormuz, through which oil tanker traffic has slowed dramatically in recent days...
Story provenance No corrections
Summary created by The El Paso Editorial Desk — automated, rule-governed Original reporting CNN Newsource, KVIA ABC-7 Original story Read at the source Source published Jul 22, 2026 Indexed here Jul 22, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway Oil prices have already surged $20 a barrel this month after war broke out again in the Middle East.
Why this matters in The El Paso
El Paso's economy, heavily reliant on international trade and commerce, stands to feel the ripple effects of a potential Houthi blockade of the Bab al-Mandeb strait. As oil prices have already surged $20 a barrel this month, local businesses and residents can expect to see increased costs for fuel and goods. The city's transportation sector, which includes the bustling ports of entry along the US-Mexico border, may also be impacted as global oil supply chains are disrupted. Furthermore, El Paso's role as a key hub for trade with Mexico and other countries means that any significant disruption to global oil markets could have a direct impact on the local economy, affecting everything from the cost of goods to the price of gasoline. As the situation unfolds, El Pasoans should be prepared for potential price increases and economic uncertainty.
About this story
Original reporting by KVIA ABC-7 . The El Paso surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KVIA ABC-7 . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 22, 2026 ·
Source: KVIA ABC-7 ·
Reading time: 5 min
Frequently asked about this story
What is this story about? By David Goldman, CNN (CNN) — The Houthis’ blockade of the Bab al-Mandeb strait couldn’t have come at a worse time for the oil market. Iran’s proxies in Yemen have threatened to cut off a major bypass of the Strait of Hormuz, through which oil tanker traffic has slowed dramatically in recent days...
When was this published? This article was first published on July 22, 2026 by KVIA ABC-7 and curated for The El Paso readers.
Who reported this story? This story was reported by CNN Newsource at KVIA ABC-7. To learn more about how The El Paso selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The El Paso, or browse our daily briefing and topic hubs .
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