world π’ Houthi seize Yemen port, threaten Red Sea shipping π’
Iran-backed Houthis seized control of Yemen's port city of Mocha on Thursday, advancing along the Red Sea coast to strategic islands. This development occurred while Gulf traffic faced restrictions through the Strait of Hormuz. The port is crucial for controlling shipping through the Red Sea, which handles about 12 percent of global goods. This escalation raises major concerns about freedom of navigation in a dangerous phase of the Yemen war. International bodies are now urging action as oil prices jump due to these route disruptions.