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Global Oil Crisis Live on RT: Houthis Blockade, Strait Closures, and the Coming Economic Catastrophe

Chris appears on The Sanchez Effect on RT to break down the Houthis’ Saudi oil blockade, looming strait closures, and the severe global economic fallout ahead.

The User's Profile Chris Martenson July 21, 2026
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I recently appeared on the Sanchez Effect during an RT live broadcast. During the segment, Rick and I discussed the escalating crisis in the Middle East, including the Houthis’ announced blockade of Saudi oil exports and the potential closure of key shipping straits. We explored the resulting risks of global energy shortages, rising fuel prices, and a possible poly-crisis affecting economies worldwide, while examining oil market manipulation, strategic reserve drawdowns, and the shifting geopolitical fortunes of nations like Russia, China, Iran, and Europe. The full interview is down below.

The interview starts at the 17:30 minute-mark.

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