Battle with Iran-backed Houthis in Yemen tempers news on oil flow
Summary
Fighting between Yemen's government and Iran-backed Houthis is affecting control of the Bab el-Mandeb Strait, an important shipping route. There are conflicting reports about damage to a major Saudi oil pipeline after a recent attack, while oil prices remain around $100 a barrel.Key Facts
- The Bab el-Mandeb Strait is a key route for global shipping and is now a focus of conflict in Yemen.
- Yemen’s Saudi-backed government and the Iran-supported Houthis are engaged in ongoing battles for control of the area.
- The Saudi East-West Crude Oil Pipeline was reportedly attacked again, causing uncertainty about oil flow.
- Some sources said oil flow through the pipeline has stopped, while others said it continues.
- The Houthis claimed responsibility for attacking Saudi oil sites, including Khurais, where the pipeline pumping station is located.
- Despite threats in the Strait of Hormuz by Iran, Middle East oil exports (excluding Iran) rose above pre-war levels in September by using alternate routes via the Red Sea.
- Yemen’s government launched a major military campaign to retake territory from the Houthis, claiming to regain control of the Bab el-Mandeb Strait.
- Fighting near the city of Taiz has intensified, causing significant casualties and affecting supply routes.
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