Houthis capture Red Sea port, pressuring oil markets
6 Articles
6 Articles
By Mostafa Salem, CNN Iran's Allied groups in Yemen captured strategic positions along the Red Sea this Thursday, which could expand Tehran's influence on another key maritime route in the Middle East. On Thursday, Houthi fighters captured the town of Mocha, a strategic coastal point about 80 kilometers north of Perim, CNN was informed by the internationally recognized Yemen government information minister. The news caused worldwide shock at the…
The price of Brent crude rose to $108 a barrel on Friday as the widening U.S.-Iran conflict and attacks on energy infrastructure and shipping in the Middle East increase fears of oil supply disruptions. Over the past week, oil has risen nearly 13 percent.
The conflict in the Middle East continues to rage and is reflected in the price of oil futures.
The situation in the Red Sea has become increasingly tense after the Houthi rebels, an armed group in Yemen supported by Iran,
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