Gulf oil threatened as Houthis reach key island, Saudis shut pipeline
Yemen's Houthis have reached the strategic island of Perim in the Bab el-Mandeb Strait, according to Yemeni government sources. Saudi Arabia temporarily shut down its East-West oil pipeline due to a drone attack from Iraq, further pressuring Gulf oil flows. The Houthis' advance could disrupt global oil supplies and raise prices, with Saudi Arabia seeking U.S. military assistance. Oil prices remain above $100 per barrel, and Saudi crude supply has fallen to 30-year lows, per the International Ene




