Houthi forces gain control of the Red Sea coast, pressuring Gulf states to engage with Iran. U.S. charges for Hormuz fees by December 31 at 6.8% YES.

The advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden to global markets.

Rapid advance of Iran-backed force threatens key alternative shipping route to Strait of Hormuz.

The Iran-backed Houthis seized control of Yemen's entire Red Sea coast and captured three strategic islands on Friday, in a lightning offensive that cemented their hold on a vital…

Iran-backed Houthi rebels have captured Yemens Perim island in the Bab el-Mandeb Strait, according to officials from both sides, potentially tightening their grip on a crucial Red…