Iran · Multiple sources
Why gains by Iran-backed Houthis in Yemen could push gas prices even higher
A Houthi advance along Yemen's Red Sea coast could help push gas prices up even more as the Iran-backed group also launches attacks on Saudi Arabia's oil facilities.
- Time span
- 11 Sept 2026, 00:55 CEST → 12 Sept 2026, 21:17 CEST
- Sources
- 3 sources
- Reports
- 4
- Trust
- strong · multi-source
Timeline
Yemen’s Houthis seized the strategic Red Sea port city of Mocha on Thursday as their offensive against Saudi-backed government forces intensified. Saudi Arabia launched dozens of airstrikes over the past 24 hours, the Houthis said, after the Iran-backed group carried out attacks on Saudi territory that wounded dozens o...
A Houthi advance along Yemen's Red Sea coast could help push gas prices up even more as the Iran-backed group also launches attacks on Saudi Arabia's oil facilities.
Iranian officials have praised the Houthis' victories but have not spoken about any imminent closure of Bab al-Mandeb.
The Iranian ally seizes Yemen's Red Sea coast, cementing their hold on the Bab al-Mandeb strait.
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