Houthis threaten to block Bab el-Mandeb Strait, bring oil prices to $200 per barrel
Yemen's Houthi rebels have threatened to block the Bab el-Mandeb Strait, potentially driving oil prices to $200 per barrel, as tensions escalate between the US and Iran. The US has announced a ceasefire and a naval blockade of Iranian ports, while the Houthis have launched missiles at Israel.