Yemen's Houthis Threaten New Oil Shock as Civil War Reignites

AI Summary

Yemen's Houthi rebels have reignited civil conflict, threatening to exacerbate the global energy crisis. The escalating conflict risks disrupting regional waterways crucial for oil transport, impacting both Yemen's energy security and the global market.

Yemen's Houthi Rebels are threatening to make the global energy crisis worse at the same time that the nation's own energy security is in dire straits. After four years of an unofficial truce and precarious peacetime, Yemen has once again erupted into conflict this week. And this escalating tension comes on the heels of months of threats on the part of the Houthi rebels to fight alongside Iran, potentially making the region's waterways ever more impassable for the global oil trade. Less than half of Yemen's population has access to electricity,…