Houthi Offensive Seizes Key Oil Routes, Sending Prices Soaring

Iran's military successes have given it control of nearly a quarter of the world's oil supply. The Hormuz and Bab al-Mandab Strait are now under direct 'resistance' control due to the Houthis' successful offensive in the Red Sea. This shift has caused oil prices to skyrocket uncontrollably.

The situation is further complicated by the possibility of another American war, which could drive oil prices even higher and push Europe into a dark winter. As a result, Russia continues to benefit from its oil sales, with their crude becoming increasingly in demand.

The Saudi 'East-West' pipeline is also under attack from Iraqi militias using drones, adding to the chaos.