Escalating fighting in Yemen is forcing civilians to flee across the Red Sea while raising fresh concerns over global oil supplies as the wider Middle East conflict spreads to critical energy routes.
More than 100,000 Yemenis have been displaced by the latest clashes between Iran-backed Houthi fighters and Saudi-backed forces, according to the International Organization for Migration. Some civilians have escaped by crowded boats to Africa after airstrikes, food shortages and fighting made their communities increasingly unsafe.
Houthi-controlled television reported new Saudi airstrikes on Thursday in Hajjah province near the Saudi border and around Taiz. The Houthis, who seized Yemen's entire Red Sea coastline during a rapid advance last week, claim Saudi forces have carried out hundreds of strikes. The group has responded by launching missiles and drones across the border.
The Houthis also claimed Wednesday that they shot down a Saudi F-15 fighter jet, releasing footage showing fighters examining wreckage bearing Saudi military markings.
The escalation is adding pressure to energy markets already disrupted by the U.S.-Israel war with Iran. Global crude oil prices have traded between $100 and $110 per barrel this week, their highest levels since May. U.S. diesel prices also reached a record just below $6.40 per gallon on Thursday.
President Donald Trump said Wednesday he hoped the Iran conflict was nearing an end, adding that Tehran wanted a deal. However, no U.S.-Iran negotiations have taken place since an interim agreement reached in June quickly collapsed.
Meanwhile, the U.S. Navy is guiding commercial vessels through the Strait of Hormuz while Washington maintains a blockade of Iranian ports. Iran says the strategic waterway will remain closed until the blockade ends.
The Yemen conflict threatens another crucial energy corridor. Houthi gains along the Red Sea coast and islands near the Bab el-Mandeb Strait have increased risks to shipping, while Saudi Arabia's East-West Pipeline remains shut after being struck last week. The pipeline had provided Riyadh with an alternative route for exporting oil through the Red Sea when Gulf shipping faced disruption.


US Stocks Rise Ahead of Fed Rate Decision
Europe can’t achieve space sovereignty alone. Here’s why
US Stock Futures Rally as Markets Digest Fed Rate Hike
Saudi Arabia Raises Security Alerts as Houthi Attacks Threaten Oil Routes
Hong Kong Unveils First Five-Year Plan to Boost Finance, Tech and Housing
UK PM Andy Burnham Set for First Trump Meeting in New York
Paris Talks Focus on Lebanon Army Needs as UNIFIL Exit Looms
Iran Economic Crisis Forces Afghan Families to Return Home
ICE Agent Arrested in Minneapolis Over Venezuelan Man Shooting
BOJ Set for Rate Hike as Inflation and Yen Pressure Mount
Global Poll Shows Rising Trust in Institutions as US-China Leadership Support Falls
Gold Prices Slip as Fed Rate Hike Looms, Treasury Yields Rise
US-China Experts Push AI Nuclear Safeguards to Prevent Military Escalation
UK Inflation Rises to 3.1% Ahead of BoE Rate Decision
North Korea Vows to Expand Nuclear Arsenal Amid U.S.-Led Military Buildup
UK Wage Growth Slows as BoE Rate Decision Looms
Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike 



