Houthi Red Sea Threat
Houthis target Red Sea shipping, prompting condemnation and oil market concern.
Summary
The U.S. bombed Iran for a 12th consecutive night as Iranian media reported explosions in Bushehr, Ahvaz and Sirik, while Washington and Tehran issued new threats. Yemen’s Houthis said they attacked two Saudi oil tankers, ENCELA and LAYLIA, in the Red Sea for violating a newly announced naval blockade on Saudi vessels. At least seven oil tankers traveling to or from Saudi ports made sharp U-turns near Yemen after the embargo announcement. A U.S.-led maritime security group warned the Houthis had deployed missiles and drones near Bab el-Mandeb.
The Coverage
Chokepoint disruption
The Houthi blockade in the Red Sea threatens global shipping and energy markets because Bab el-Mandeb is a critical maritime chokepoint. With the Strait of Hormuz also closed, oil markets face added pressure from disruptions at two major transit routes.
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