Houthi Forces Seize Strategic Red Sea Port and Island, Saudi Pipeline Shut Down

Houthi rebels have captured the strategic Red Sea port of Mocha and Perim Island, increasing their capacity to threaten shipping in the vital Bab el-Mandeb Strait. This escalation in conflict with Saudi-backed forces prompted Saudi Arabia to close a major pipeline following a drone attack. The developments impact global oil flows and contribute to rising diesel prices in the U.S.