Yemen's Houthis capture a Red Sea island in threat to shipping

One island now sets the price of oil. That's not a shipping lane, that's a chokehold with a flag on it.

Iranian-backed Houthi rebels in Yemen have captured a strategic island in the Bab el-Mandeb Strait. The move threatens Saudi oil exports through a key commercial lane. And Saudi Arabia said it shut down a major oil pipeline as a precaution after it came under attack.

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