How global trade and oil prices could be hit by Houthi advance
How global trade and oil rates could be hit by Houthi advance.
How global trade and oil rates could be hit by Houthi advance.
Article outline
- What happened
- Background
- The bottom line
Key points
- At least 46, 000 individuals have been displaced in Yemen since fighting escalated last week, according to the United Nations.
- Saudi Arabia has increasingly relied on the Red Sea for oil exports since the US and Israel's war effectively closed the Strait of Hormuz.
- Updates from your News topics will appear in My News and in a collection on the News homepage.
- Houthis have remarked they pose no threat to international shipping but have reiterated their intention to target vessels from Saudi Arabia.
Fighters from the Iran-backed Houthi group have seized territory close to the Bab al-Mandab Strait in the Red Sea – a key trade gateway that links Asia and Europe.
At least 46, 000 individuals have been displaced in Yemen since fighting escalated last week, according to the United Nations. BBC Verify's Thomas Copeland reports. Produced by Aisha Sembhi. Graphics by Mark Edwards. You are now after Yemen.
Updates from your News topics will appear in My News and in a collection on the News homepage. You are now after Houthis.
In short, how global trade and oil prices could be hit by Houthi advance is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.
