Yemen's Houthi Advance Threatens Global Trade and Oil Prices

Fighters from the Iran‑backed Houthi group have seized territory near the Bab al‑Mandab Strait, a vital trade route between Asia and Europe.

While the Houthis deny harming international shipping, they have indicated plans to target Saudi vessels, sparking fears that maritime traffic could be compromised.

Saudi Arabia has turned to the Red Sea for oil exports after the Strait of Hormuz closed following the Israel‑U.S. conflict.

Analysts warn that any conflict in the region could push oil prices higher.

The United Nations reports that at least 46,000 people have been displaced in Yemen since the fighting intensified last week.