Yemen’s Houthis Impose Naval Blockade on Saudi Arabia, Threatening Global Oil Supply
Yemen’s Iran-aligned Houthi movement has announced an immediate naval embargo against Saudi Arabia, warning it will shut down the Bab el-Mandeb strait if U.S. strikes on Iran continue. A full closure could cut 7% of global oil exports and intensify an ongoing Gulf crisis that already trimmed shipments by 10%. The declaration came as Tehran and Washington reportedly explore diplomatic proposals, including a 10-day ceasefire to salvage a fragile agreement reached last month. Iran’s foreign ministry confirmed mediators have presented terms but offered few details. Pakistan is also reportedly being courted to resume mediation between the U.S. and Iran. Recent nights have seen U.S. airstrikes on Iran’s infrastructure and Iranian retaliatory attacks on American assets across the region. Meanwhile, incidents near the Strait of Hormuz and Red Sea have raised fears for commercial shipping. Both sides insist they remain open to dialogue but vow to maintain military pressure.
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