A narrow waterway located at the mouth of the Red Sea between Yemen and Djibouti has provided an escape hatch for a sizeable chunk of the Middle East's oil. That lifeline is now looking increasingly shaky.

Houthi control of a Red Sea port brings Tehran closer to claiming another critical waterway.

Houthi forces are advancing towards the Bab el-Mandeb Strait, threatening a route carrying 12% of global trade between Yemen, Djibouti and Eritrea

The Houthis in Yemen are making significant strides towards seizing control of the Bab el-Mandeb Strait. Recent clashes between Saudi-backed troops and the Houthis have become…