Peril on the High Seas: The Houthi Advance and Global Trade The recent reports of the Iran backed Houthis advancing to Yemen's strategic Perim Island have sent shockwaves through global trade circles, raising concerns about the security of one of the world's most critical oil chokepoints.
This development is part of a larger pattern of instability in the Middle East that demands attention from policymakers and investors.
The Bab el Mandeb Strait is a narrow and busy shipping lane connecting the Red Sea to the Gulf of Aden.