Houthi control of Bab al-Mandab Strait threatens oil market

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The Houthis' capture of Mokha port and Zukkar Island has enhanced their control over the Bab al-Mandab Strait, making their blockade more efficient, which has led to Saudi Arabia's lowest crude export production since 1990, causing Brent crude to rise to $430 a barrel and diesel prices to surge, signaling a serious problem for the oil market.