Houthis Eye Full Control of Bab el-Mandeb Oil Chokepoint

Yemeni Houthis are reportedly moving to expand their presence along the western coast to gain full control of the Bab el-Mandeb Strait, a vital global oil chokepoint. This move, reported by the Yemeni government fighting the Houthis, suggests potential for further significant disruption to marine traffic. Such tightening of control over one of the world's busiest trade routes could lead to increased global crude oil prices. Higher oil prices typically fuel inflation concerns, potentially boosting demand for gold as a safe haven and impacting the USD/PKR exchange rate in Pakistan.

بحوالہ / Source: oilprice.com