Houthis seize Red Sea islands in lightning offensive
Latest advance against Saudi-backed forces cements Yemeni rebels’ control over vital shipping artery and roils energy markets
Source: Financial Times
―
DW NOTE
The Houthis now control both ends of the Red Sea choke point while Iran holds Hormuz shut 195 days running. That's 20% of global seaborne oil trade sitting behind two separate Iranian-aligned blockades, with WTI still only at $102 despite a 4.3 million barrel-per-day supply contraction. Markets are pricing in workarounds that don't exist.