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Houthis seize strategic Red Sea islands as analysts warn of impending oil crunch

The militant group in Yemen captured the islands of Greater and Lesser Hanish, near the chokepoint of the Bab al-Mandab strait Yemen’s Houthi rebels have seized two strategic islands in the Red Sea, reinforcing the Iran-backed group’s ability to control a key shipping route, as concerns mount that the world is facing a new oil supply crisis. The seizure of the islands of Greater and Lesser Hanish is the latest in the militant group’s swift advance across Yemen’s Red Sea coast, after the capture of the port of Mokha and Perim island in the Bab al-Mandab strait. Continue reading...

The GuardianThe GuardianJonathan Yerushalmy15 Sept

The Next Oil Shock Is Never the Last

Here we go again. The Houthis have seized the Yemeni Red Sea coast, the port of Mokha and Perim Island, which divides the narrow Bab el-Mandeb Strait into two channels. The group now occupies positions from which it can monitor or threaten one of the world’s most important shipping routes. Normally, that would be alarming enough. But the Strait of Hormuz on the other side of the Arabian Peninsula is already severely disrupted. Saudi Arabia consequently relied more heavily on its East–West pipeline to move crude from the Gulf to Red…

OilPrice.comOilPrice.comLeon Stille14 Sept

Brent at $108: Gulf States Halt Hormuz Talks as Houthis Strike Saudi Airbase

Gulf states called off Monday's planned meeting with Iran on reopening the Strait of Hormuz the same day Yemen's Houthis fired dozens of missiles and drones at Saudi Arabia's King Khalid airbase in Khamis Mushait, calling it retaliation for more than 300 Saudi airstrikes on Yemen in five days. A Friday drone attack Riyadh blamed on Iran-backed fighters in Iraq knocked out Saudi Arabia's East-West pipeline, the kingdom's only route around the blockaded strait. The 7-million-barrel-a-day line feeds the Red Sea port of Yanbu, with traders telling…

OilPrice.comOilPrice.comCharles Kennedy14 Sept

Yemen govt forces hit back as conflict with Houthis intensifies

The conflict in Yemen intensified on Sunday, as government forces launched attacks against Iran-backed Houthi rebels along the Red Sea and Houthis fired into neighboring Saudi Arabia, which supports Yemen’s government. The Yemeni government vowed to send more forces to the Red Sea coast and one official conceded a “painful” defeat last week when Houthis captured the port city of Mokha and an island on the Bab el-Mandeb Strait, a crucial shipping alternative to the Strait of Hormuz.

France 24France 24FRANCE2414 Sept

Satellite images show extent of damage to major Saudi pipeline, amid global oil supply fears

Saudis yet to provide details about damage from drone attack to key east-west pipeline to Red Sea that could affect 4% of global oil supply Saudi Arabia will run out of oil ⁠stocks for export if it ⁠doesn’t restart a drone-damaged major ​pipeline to the Red Sea within days, leading to the loss of up to 4% of global supply, Saudi oil buyers and traders said. Satellite photos released on Sunday night appeared to show a pumping station on the key 1,200km (745-mile) Saudi east-west pipeline charred and badly damaged, after drone attacks on Friday. Continue reading...

The GuardianThe GuardianMark Saunokonoko and agencies14 Sept