Houthis seize strategic Red Sea island, raising fresh threat to Saudi oil exports
· economictimes.indiatimes.com
Iran-backed Houthi rebels have captured Yemens Perim island in the Bab el-Mandeb Strait, according to officials from both sides, potentially tightening their grip on a crucial Red Sea shipping route. The development comes as Saudi Arabia relies more heavily on the corridor after the Iran conflict effectively closed the Strait of Hormuz.
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