Washington Examinerterrorist group, Iranian-backed terrorist group
Houthis have declared a maritime blockade on Saudi shipping and conducted tanker attacks in the Red Sea, according to multiple outlets. Oil prices exceeded $100 per barrel as Brent crude rose more than 6 percent. The Bab el-Mandeb Strait, the sole Indian Ocean entry to the Red Sea, handles 4.2 million barrels of daily transit.