Houthis' control of Mokha and implications

The Houthi group, backed by Iran, has taken control of Al-Mokha city on Yemen's western coast. This is a strategic location on the Red Sea, which could strengthen Tehran's influence over a sensitive waterway. The Bab el-Mandeb Strait, near the city, is one of the world's most important maritime passages connecting Asia and Europe. Tensions are escalating between the Houthis and the Saudi-led coalition, with warnings about the impact on global shipping routes and oil markets. Following the Houthis' advances, oil prices rose by 4%, amid fears of a potential closure of the strait. These developments are a result of increased Iranian involvement and shifting alliances within the Yemen conflict, with possible implications for regional security and energy markets. The fighting along the western coast continues to escalate, with expectations of further developments in the ongoing tension.

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