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The Next Oil Shock Is Never the Last

Here we go again. The Houthis have seized the Yemeni Red Sea coast, the port of Mokha and Perim Island, which divides the narrow Bab el-Mandeb Strait into two channels.

  • Houthis control key Yemeni Red Sea areas, including Mokha port and Perim Island
  • Saudi Arabia's East-West pipeline attack highlights fossil-fuel supply chain vulnerability
  • Europe's reliance on Russian gas and US energy purchases leaves it vulnerable to geopolitical risks

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