This article is authored by Surya Prakash Noutiyal, doctoral candidate, West Asian Studies, Jawaharlal Nehru University, New Delhi.

Houthi attacks raise concerns over oil supply and increase shipping insurance costs. WTI reaching $110 in July 2026 at 4.8% YES.

As Houthi attacks disrupt Red Sea shipping, analysts warn of ‘brinkmanship’ that could yet spiral into all-out conflict.