Houthis advance along coast and threaten oil exports
Iran-aligned Houthis seized Mocha and advanced along the Yemeni coast, threatening Saudi oil exports and global shipping routes. Brent crude prices jumped above $105 a barrel amid supply concerns.
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Yemen's Houthi forces seized control of Mocha on Thursday, advancing down the Red Sea coast and pushing Brent Crude Oil futures up 4% to over $105 a barrel. The territorial gains threaten vital shipping lanes and pressure global energy markets. Investors face heightened supply disruption risks as maritime transit through key chokepoints deteriorates further.
