DEVELOPING: Yemen forces INTENSIFY operations against Houthi rebel takeover
Yemeni forces are intensifying operations against Iran-backed Houthi rebels who have captured a key port city along the Red Sea. The Houthi advance threatens a strait that controls approximately 12% of the world's oil, with the rebels attacking Saudi infrastructure and shipping, raising concerns about potential oil price increases and global supply disruptions.
The Houthi takeover of this Red Sea territory poses a significant threat to global oil supplies and could lead to further instability in the Middle East, potentially driving up energy costs worldwide.
The episode also covers President Trump's warning about Ukrainian strikes on Russian oil refineries driving up global diesel costs, and US CENTCOM turning back Iranian ships.
