Houthis declare naval blockade on Saudi Arabia, disrupting oil tankers

Yemen's Houthi rebels have declared a naval blockade on Saudi Arabia, breaking a two-year truce. The blockade targets the Bab-el-Mandeb strait, a key chokepoint for global oil shipments, and has already forced Saudi oil tankers to turn back. This escalation opens a new front in the ongoing US-Iran proxy conflict and threatens to disrupt crude oil supplies to countries like South Korea. The move raises concerns about rising oil prices and broader economic impacts on global markets.