A fragile years-long truce in Yemen collapsed further this week when Iran-backed Houthi fighters expelled Yemeni forces backed by Saudi Arabia and the United Arab Emirates. The confrontation represents a significant escalation in the conflict that has already devastated the country.
The Houthi group, which controls the capital Sanaa and much of northern Yemen, has been carrying out regular attacks on ships in the Red Sea since November. These actions have forced several shipping carriers to divert their routes, going around Africa to avoid the region.
Attacks in the Red Sea and tensions in Yemen have directly impacted global energy prices. The region is strategic for international oil and liquefied natural gas trade, and any disruption to maritime security raises transportation costs.
The situation is occurring in Dubai, United Arab Emirates, and continues to generate international concerns about the stability of gas and oil prices in the global market.




