Iran-backed Houthis seize island at entrance to Red Sea, threatening Saudi oil exports - PBS
Iran-backed Houthis seize island at entrance to Red Sea, threatening Saudi oil exports - PBS
Source: PBS
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DW NOTE
The Bab el-Mandeb has been open while the Strait of Hormuz remains closed — which means this isn't a second chokepoint, it's a flanking move. If the Houthis can interdict traffic at both ends of the Arabian Peninsula, Saudi crude has no outlet except overland pipelines with a fraction of the capacity. WTI is up 19.8% this month with Hormuz alone shut; a credible threat to Bab el-Mandeb turns that into a pricing catastrophe.