The Economic Times

Houthis seize strategic Red Sea island, raising fresh threat to Saudi oil exports

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.