How global trade and oil prices could be hit by Houthi advance

Yemen's Houthis seized territory near the Bab al-Mandab Strait, a waterway through which global oil shipments and commercial cargo pass between the Red Sea and Indian Ocean. The Strait of Bab al-Mandab is one of the world's busiest maritime chokepoints, with hundreds of ships transiting it daily. Control of territory adjacent to the strait could affect shipping routes, though the immediate operational impact remains unclear.

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