Houthi Actions in Red Sea and Pipeline Attack Disrupt Global Energy and Shipping

Houthi rebels have seized Yemen's Red Sea coastline, including the strategic port of Mocha, tightening control over vital shipping lanes like the Bab al-Mandeb Strait. This, coupled with a drone attack on Saudi Arabia's East-West oil pipeline, has prompted Saudi Arabia to halt oil flow and the US to redirect commercial vessels due to an Iran blockade. These developments have driven global oil prices above $100 a barrel and US diesel to $6 a gallon, severely impacting international trade and energy markets.