Red Sea Risks: The Latest Front in a Global Proxy War The Houthis' threat to attack shipping tankers using Saudi Arabian ports on the Red Sea has sent shockwaves through global markets, raising fears of a major disruption to oil supplies.
This escalation is part of a broader and increasingly complex proxy war playing out across the Middle East. The region's strategic importance cannot be overstated.
The Bab el Mandeb strait, which separates Yemen from Eritrea, is a critical chokepoint for global trade. Over 7% of international maritime traffic passes through it each year.