Houthi militia threatens global shipping
Yemen's Iranian-backed Houthi rebels are tightening their control over a crucial global shipping waterway in the Red Sea, the Strait of Hormuz, which has been closed for over six months. The Houthis also claim to have targeted military bases in Saudi Arabia and are moving to control the Bab el-Mandeb Strait, another vital shipping lane used by Saudi Arabia for oil exports.
The potential closure of the Bab el-Mandeb Strait, combined with the prolonged closure of the Strait of Hormuz, could lead to a catastrophic disruption in global supply chains and a significant spike in oil prices, impacting consumers and economies worldwide.
The episode also covers drone attacks on an East-West oil pipeline in Saudi Arabia by an Iranian-backed group in Iraq, an attack on an Iranian commercial ship in the Persian Gulf, and BRICS countries meeting to call for restraint in the Middle East.
HOUTHI REBELS RED SEA STRAIT OF HORMUZ BAB EL-MANDEB STRAIT GLOBAL SHIPPING
