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80CONFLICT

Yemen's Houthi rebels escalate attacks on southern Saudi cities and threaten Bab al-Mandeb Strait

⚡ Markets: Adds to supply disruption risk for oil and other goods transiting through the Red Sea/Suez Canal, providing further upward pressure on crude prices and shipping rates.BrentWTIshipping stocks

The Iran-backed Houthi movement has launched a new wave of missile and drone attacks against multiple cities in southern Saudi Arabia, including Abha, Jizan, and Khamis Mushait. The escalation coincides with a Houthi offensive aimed at controlling the strategic Bab al-Mandeb Strait, a key global shipping lane.

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