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The Next Oil Shock Is Never the Last
Here we go again. The Houthis have seized the Yemeni Red Sea coast, the port of Mokha and Perim Island, which divides the narrow Bab el-Mandeb Strait into two channels.
Summary
Here we go again. The Houthis have seized the Yemeni Red Sea coast, the port of Mokha and Perim Island, which divides the narrow Bab el-Mandeb Strait into two channels. The group now occupies positions from which it can monitor or threaten one of the world’s most important shipping routes. Normally, that would be alarming enough.
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