The Houthis capture strategic island of Perim in the Bab el-Mandeb Strait has heightened fears of a wider Red Sea shipping crisis, as Saudi Arabia shut a major oil pipeline following attacks linked to Iraq. The developments came as oil prices climbed above $100 a barrel, with Brent crude touching $108 on Friday, its highest … Continue reading Houthis capture strategic island as Saudi oil pipeline attack raises fears of wider Red Sea crisis