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Iran-backed Houthi rebels take strategic port city in Yemen, raising threat to Red Sea shipping

The Iran-backed Houthi rebel group on Thursday took over Yemen’s port city of Mokha, an area vital to controlling shipping through the Red Sea, Houthi and Yemeni officials said. Mokha is about 80 kilometers (50 miles) from the Bab el-Mandeb Strait, a waterway that connects the Red Sea and the Gulf of Aden and through which about 12% of the world’s goods are typically shipped. FRANCE 24's Nick Rushworth reports.

France 24France 24FRANCE2410 Sept

Global bond sell-off resumes as surging oil prices stoke fears about inflation

Crude jumps above $107 a barrel amid concerns over Middle East conflict and out-of-control government borrowing Nervous investors across big economies have been dumping government bonds, driving up the cost of borrowing, as surging oil prices amplified fears about rising inflation. The cost of a barrel of oil jumped 6% to above $107 on Thursday amid concerns that advances by Houthi rebels along the Red Sea coast in Yemen could choke off Saudi crude exports. Continue reading...

The GuardianThe GuardianHeather Stewart and Phillip Inman10 Sept