The conflict in Yemen continued with greater intensity on Sunday. Yemeni government forces launched attacks against Houthi rebels, who are supported by Iran, along the Red Sea coast. These attacks followed the Houthis' capture of the port city of Mokha and an island in the Bab al-Mandab Strait. This strait serves as a key route for international shipping, and control over it could have wide-ranging impacts on global markets.
Impact of War on Global Oil Market
Recent developments in Yemen could exert more pressure on global oil supply and prices. Given that the Bab al-Mandab Strait is one of the main routes for crude oil transit, any disruption in this area could lead to price increases and volatility in the global market. This situation may allow Iran, which is currently under U.S. economic sanctions, to gain more leverage in its economic war with Washington.
Read more: Escalation of Conflicts in Yemen: Houthis Advance in the Bab al-Mandab Strait
Iran's Role in Yemen Developments
Since the onset of the Yemen war in 2014, Iran has continued to support the Houthi rebels. By supplying weapons and military advice to the Houthis, the country has become a key player in this conflict. The Houthis' control over cities like Mokha and other strategic areas seems to allow Iran to expand its influence in the region.
Meanwhile, Saudi Arabia, the main supporter of the Yemeni government, has reacted strongly to these developments. Houthi attacks towards Saudi Arabia indicate escalating tensions between the two countries and could lead to an intensification of conflicts in the region. Experts believe that these conflicts will impact not only Yemen but also the security of the entire Gulf region.
Overall, recent developments in Yemen indicate a new cycle of violence and tension in the region. Given the existing political and economic tensions, it seems that this crisis may soon reach another turning point. While the international community seeks diplomatic solutions to this crisis, the realities on the ground reflect deeper complexities that need to be addressed.
Read more: Houthi Attack on Saudi Military Base: A War No One Can Escape! · Houthi Attacks and the New Crisis of Displacement in Yemen
