NewsFree365
--°
World News
1 views

How global trade and oil prices could be hit by Houthi advance

Yemen's Houthis have seized territory near the Bab al-Mandab Strait - a key trade gateway for oil and global shipping.

How global trade and oil prices could be hit by Houthi advance
Fighters from the Iran-backed Houthi group have seized territory close to the Bab al-Mandab Strait in the Red Sea - a key trade gateway that links Asia and Europe.

Houthis have said they pose no threat to international shipping but have reiterated their intention to target vessels from Saudi Arabia.

Saudi Arabia has increasingly relied on the Red Sea for oil exports since the US and Israel's war effectively closed the Strait of Hormuz.

At least 46,000 people have been displaced in Yemen since fighting escalated last week, according to the United Nations.

BBC Verify's Thomas Copeland reports.

Produced by Aisha Sembhi. Graphics by Mark Edwards.

BBC News Verified Source

Reported by @BBCNews · Syndicated via official news feed

Explore all World News stories

Syndicated feed content with full publisher credit.

Live Newsroom Broadcast48,500+ Active Readers

Breaking News Sent Directly To Your Phone

Get instant market movers, policy notifications, and verified alerts delivered straight to your WhatsApp and Telegram feeds before algorithms filter them.

Sub-Second Flash Alerts100% Privacy & Zero SpamFree Forever