The world market price of oil theme
Looks like the Huthi militia has good foresight ahead of the stock markets opening on Monday morning.
Is the world on the verge of a second Hormuz crisis? The Iran-backed Houthi militia in Yemen has, through a lightning offensive, taken control of the Bab el-Mandab Strait, which is important for world trade. Watch the segment on SVT News.
The Houthis are now controlling the entrance to the Red Sea. The Houthi movement in Yemen has taken strategically important islands in the Red Sea and Yemen's entire Red Sea coast. This gives them full control over the Bab al-Mandab, which is important for world trade, sources tell international news agencies. See the article on SVT News.