World12:42
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WorldHow the Houthi advance in Yemen could disrupt global trade
Yemeni Houthi forces have taken the strategic Red Sea port city of Mocha, bringing the Iran-backed group closer to control of the Bab el-Mandeb Strait, a crucial global trade chokepoint. Shipping is already under pressure from the US-Iran war and its impact on the Strait of Hormuz, while oil prices have risen above $100 a barrel again.