Fighters from Yemen's Houthi group have advanced into territory close to the Bab al-Mandab Strait in the Red Sea, a critical chokepoint for global trade that links Asia and Europe. The development raises concerns about potential disruptions to international shipping and oil prices.
The Iran-backed Houthis have stated they do not pose a threat to international shipping but have maintained their intention to target vessels from Saudi Arabia. This comes as Saudi Arabia has increased its reliance on Red Sea routes for oil exports, particularly since the Strait of Hormuz became less accessible due to the conflict involving the U.S. and Israel.
The escalation of fighting in Yemen over the past week has led to the displacement of at least 46,000 people, according to United Nations figures.