Middle East: The Houthis are advancing further at the Red Sea - how threatened are energy exports?
The Yemeni Houthi rebels control the Strait of Bab al-Mandab leading into the Red Sea and are threatening Saudi energy exports. The current situation is considered extremely fragile. An expert gives his assessment.
Huthi rebels in Yemen have taken control of the island of Perim (Mayyun) in the Bab al-Mandab strait, giving them control of the shipping route between the Red Sea and the Gulf of Aden. This development has raised concerns about the safety of oil exports from Saudi Arabia and shipping traffic through the Red Sea. The price of Brent crude oil rose to over $110 per barrel after the rebels' capture of the port city of Mokka, although it fell slightly on Friday.
The situation remains uncertain, with experts warning of a threat to oil transports from multiple sides.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
