Houthis seize Moka and Perim, threaten Bab el-Mandeb oil transit

Houthi forces captured the port of Moka and Perim Island, tightening their grip on the Bab el-Mandeb strait and threatening Saudi oil exports to Asia. The move escalates the Red Sea shipping crisis, with potential supply disruptions for Asian markets. The extent of the blockade and immediate impact on tanker traffic remains unconfirmed.