Houthi Strikes on Red Sea Oil Chokepoint Disrupt Global Supply Chains

A series of drone and missile strikes by Yemen's Houthi rebels on commercial vessels in the Red Sea is creating a major bottleneck for global oil supplies, analysts warn. The attacks have forced oil tankers to take longer routes, raising costs and delaying deliveries. The Houthis, who control much of Yemen, say they are targeting ships linked to Israel in response to the war in Gaza. The Red Sea is a narrow passage through which about 10% of global oil trade passes, making it a critical chokepoint. Major shipping lines have rerouted around Africa's Cape of Good Hope, adding weeks to voyages and increasing fuel consumption by up to 30%. Insurance premiums for Red Sea transit have soared, and some cargoes are being canceled. The U.S. and allies have launched Operation Prosperity Guardian to patrol the area, but attacks continue. The situation remains highly volatile. If attacks persist, oil prices could spike further, affecting consumers worldwide. Diplomatic efforts to pressure Iran, which backs the Houthis, may be the long-term solution. For now, the risk to global oil supply chains is acute, with no immediate end in sight.