Houthi Takeover Sparks Global Oil Shock | Global News

Houthi rebels in Yemen have seized control of Perim Island — a critical chokepoint at the Bab al-Mandab Strait — just days after capturing the port city of Mokha. While they claim no threat to global shipping, they’ve targeted Saudi vessels, disrupting vital oil exports and sparking renewed airstrikes. The offensive has already displaced tens of thousands, with families losing everything for the second or third time. This resurgence follows the collapse of a four-year truce and reignites fears of regional instability, pushing crude prices back above $100 a barrel.

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