Houthi pressure on the Bab al-Mandab corridor is driving up risk for Saudi Arabia, Red Sea shipping and energy markets. The dispute is whether US protection still holds or whether Gulf states must share the burden of deterrence and maritime defence.
The Houthis are strangling Saudi Arabia at Bab al-Mandab and exposing the end of US security guarantees
Saudi ArabiaRed SeaYemenBab al-Mandab