top
Oil choke points multiply as Houthis seize Mocha
Houthi militants seized Yemen's Mocha port, threatening vital global energy supplies. This escalation occurs as Iran and the United States engage in tit-for-tat attacks. President Trump expects the war to end after the upcoming mid-term elections. Saudi Arabia has warned Iran to control its Houthi allies to prevent further crisis. Oil prices remain elevated due to disrupted shipping routes through the Red Sea and Hormuz.
Read full article on The Economic Times