Red Sea oil blockade worsens Asia's energy crisis. Crude oil reaching a new all-time high by December 31 at 12.5% YES.

Dozens of vessels navigate the Bab el-Mandeb Strait despite Houthi rebel threats. Growing uncertainty forces ships to alter courses and execute U-turns. Recent attacks on oil…

LONDON: The fears of many came to fruition as, following further Houthi attacks on shipping vessels in the Red Sea, the Iran-backed Yemeni militia entered the war by imposing a…