Reuters
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🔮 The Philippine coast guard said multiple vessels and other assets were searching for survivors as rescue teams used drift-modelling tools to identify areas where people may have been carried by currents.
🔮 If the Houthis gain full control of the Bab el-Mandeb Strait, on the opposite side of the Arabian Peninsula from the Strait of Hormuz, it could give their backer Iran a critical advantage in the war with the US, reducing supplies through a second major transit corridor and sending oil prices surging.
🔮 Earlier, two sources from the Saudi-backed, internationally recognised Yemeni government said its forces had withdrawn from Perim and that the Houthis had also taken the mainland Red Sea coastal town of Dhubab, which faces the island.
If the Houthis gain full control of the Bab el-Mandeb Strait, on the opposite side of the Arabian Peninsula from the Strait of Hormuz, it could give their backer Iran a critical advantage in the war with the U.S., reducing supplies through a second major transit corridor and sending oil prices surging.
🔮 Reuters could not immediately verify the report.
🔮 Yemen’s Houthis seize port city Mocha, closing in on control of Bab el-Mandeb Strait
Blocking the Bab el-Mandeb Strait would isolate Gulf oil-producing countries from their main shipping routes after Iran closed the Strait of Hormuz
Yemen’s Iran-aligned Houthis seized control of the historic port city of Mocha on Thursday, four Yemeni government military sources said, gaining further leverage over the Bab el-Mandeb Strait, one of the world’s most important shipping routes.
🔮 Chinese President Xi Jinping’s much-anticipated visit to New Delhi this week, his first to India in seven years, should further the diplomatic thaw between the giant neighbours, but there are few signs as yet that their business ties will improve.
🔮 A growing number of banks, including Goldman Sachs, Bank of America and HSBC, have raised their crude price forecasts in recent days.
🔮 The wider war in the Gulf has turned into a test of wills between the US and Iran, with each side hoping that economic pressure from competing blockades will force the other to yield.
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