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Yemen is experiencing a major military escalation, with clashes shifting from internal conflicts to control over maritime routes, amidst regional and international involvement. The recognized government is focused on controlling the oil sources in Ma'rib, while the Houthi movement seeks to seize oil resources and export them via the Red Sea. This escalation has led to a severe economic crisis in Sanaa, including a currency war and banking restrictions. Globally, oil prices have risen to over $100 per barrel amid fears of disruptions at the Bab al-Mandeb Strait. Yemen is also facing a significant humanitarian crisis, with over 100,000 internally displaced persons fleeing their homes, requiring a humanitarian response of more than two billion dollars by 2026. The Red Sea region and Bab al-Mandeb are hotspots of tension, as the geopolitical landscape shifts, with maritime geography playing a key role in regional conflicts. There is a potential for escalation that links the war to the broader regional struggle involving the U.S., Israel, and Iran, reflecting strategic tensions across the Middle East.
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