Houthis Grab Red Sea Coastline as Saudi Pipeline Shuts, Tightening Global Oil Squeeze

Houthi forces seized Yemen's entire Red Sea coastline and Perim Island this week, while Saudi Arabia shut its East-West pipeline after drone strikes. The twin blows threaten 4-5% of global oil supply and push Brent above $100. Saudi exports already plunged sharply. Further disruption risks higher energy prices worldwide.