Widening instability in the Middle East is significantly impacting global oil supplies, primarily due to a recent Houthi offensive in Yemen. This offensive has placed a second crucial energy corridor under the influence of Iran and its allies.
This development exacerbates an already strained global energy market, suggesting potential further disruptions to oil flow from the region. The control of additional energy routes by the Houthis and their allies creates new challenges for global oil security.
