Iran Wins as Yemen War Escalates?
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Part of composite article Oil Prices Fall as Saudi Arabia Opens New Supply Routes After Pipeline Attack View full article →
Yemen's conflict intensified on Sunday. Government forces attacked Iran-backed Houthi rebels along the Red Sea. In return, the Houthis fired rockets into Saudi Arabia, which supports Yemen's government.
The Houthis recently captured Mokha, a port city, and an island on the Bab el-Mandeb Strait. This strait is a key shipping route and an alternative to the Strait of Hormuz.
The fighting threatens global oil supplies and prices. This situation could give Iran an advantage in its standoff with the United States.