What to know after a week of Houthi attacks that threaten Saudi oil

In Yemen, the Iran-backed Houthi rebels have expanded their control along the Red Sea coast, threatening Saudi Arabia’s oil exports and reigniting the country’s 12-year civil war. This escalation has caused global fuel prices to rise and displaced 125,000 Yemenis. The Houthis have captured the strategic port city of Mokha and are advancing towards Yemen’s oil-rich east, challenging the Saudi-backed government. Their actions have also targeted Saudi oil facilities, further destabilizing the region. The conflict has drawn attention to the Bab el-Mandeb strait, a crucial maritime chokepoint, and has highlighted the ongoing struggle between the Houthis and Saudi Arabia, which has imposed a blockade on Houthi-controlled areas. The U.S., a key Saudi ally, has remained largely uninvolved in the recent developments. QUESTION: How might the ongoing conflict in Yemen impact global oil markets and international relations in the future?