Inflation Surges as Houthis Seize Key Oil Route

Inflation rose more than expected, Iran-backed Houthi forces took control of a critical oil chokepoint, and consumer confidence dropped — three developments that together threaten global economic stability. The inflation increase suggests price pressures remain stronger than anticipated. At the same time, the Houthi takeover of a vital oil passage raises concerns about energy supply disruptions. Consumer sentiment also fell, signaling growing unease among households about the economic outlook.