Yemen Conflict Escalates into Proxy War with Global Oil Supplies at Risk

The war in Yemen has escalated into a proxy conflict between Iran-backed Houthi rebels and Saudi-backed government forces, posing a significant threat to global oil supplies.

The Houthis have been receiving support from the Islamic Revolutionary Guard Corps (IRGC), with personnel and military equipment being transported to Yemen. The latest escalation began in July after a US-sanctioned flight was attacked by government forces, prompting the Houthis to retaliate with strikes on major Saudi targets.

The conflict has reached a critical point as the Houthis launch missiles and drones towards Saudi Arabia, targeting energy infrastructure and military sites. The battle for control of the Bab el-Mandeb Strait, which connects the Red Sea to the Gulf of Aden, is particularly significant, with the Houthis capturing strategic positions including Perim Island.

Experts warn that Iran's support for the Houthis could lead to a disruption in global oil supplies, potentially causing fuel prices to surge. The situation has raised concerns about the stability of the region and the potential for further escalation.