Oil prices jumped nearly 4% as Houthis prepare to attack the Bab el-Mandeb Strait, threatening Saudi crude exports.

After the Strait of Hormuz disruptions, a fresh threat to the world's oil supply has emerged with the Iran-backed Houthi movement in Yemen announcing a maritime blockade against…

Houthis declared a naval blockade on Saudi oil exports through the Bab el-Mandeb Strait, threatening 7% of global supply and rattling crypto

The Houthi blockade of Bab el-Mandeb threatens crude oil supply, increases prices, and raises freight costs for Asian refiners.