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Houthis take control of Bab al-Mandeb Strait

VB Desk,  International

VB Desk, International

Iran-backed Houthis have taken control of the strategically vital Bab al-Mandeb Strait following a major military offensive on Yemen's western coast. This has created a major risk to global maritime trade and energy security.

The Houthi advance has also had a significant impact on the global energy market. Crude oil prices have already risen above $105 per barrel.

Bab al-Mandeb is an important maritime route for international trade and energy transport. The strait's capture has raised fresh concerns over global shipping and energy supplies.

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