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Showing stories tagged #geopolitical risk — clear filter
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Yemen's Houthi militants have seized the strategic Hanish islands in the Red Sea, strengthening their control over the Bab al-Mandab strait. The capture follows recent gains including the port of Mokha and Perim island, raising fears of an oil supply crisis.
🐿️ The Houthis are now effectively holding a chokepoint for 10% of global oil transit, which could spike prices and disrupt supply chains.
Yemen's Houthi forces have captured a strategic volcanic island in the Bab al-Mandab strait, a vital global shipping route for oil exports. The takeover expands Houthi control over this key maritime chokepoint.
🐿️ This island seizure gives Houthis direct leverage over global oil flows, likely spiking insurance and shipping costs through the Red Sea.
