Yemen’s Houthi rebels, backed by Iran, have radically expanded their dominion by taking control of Perim Island at the mouth of the Bab al‑Mandab Strait and the oil port city of Mokha. These strategic conquests have solidified the group’s grip on the Red Sea—an international shipping artery critical for moving oil from the Gulf to Asia.
After the seizure of Perim, Saudi Crown Prince Mohammed bin Salman pressed President Donald Trump to act militarily against the Houthis, but the U.S. has declined direct involvement, offering instead intelligence and targeting support, according to sources familiar with the talks. Trump’s stance reflects a cautious approach amid escalating tensions and the threat to the shipping lanes.
The conflict has spawned a surge in oil prices as the Houthis launch missiles and drones against Saudi targets and the coalition conducts air strikes in Yemen. Global markets have already responded, with oil hovering at $100 a barrel for the first time since July.
Beyond the economic shock, humanitarian costs are mounting: over 46,000 Yemenis have been displaced, with IOM reporting the number rising by the hour. The Houthi’s rapid advances, combined with Saudi‑led air campaigns, risk destabilising the broader Gulf region.
