Houthis Grab Red Sea Coastline as Saudi Pipeline Shuts, Tightening Global Oil Squeeze
Saudi Arabia shut down its vital East-West oil pipeline. Iran-backed Houthi fighters seized the strategic island of Perim. Oil prices climbed above $100 a barrel. These events didn’t unfold in isolation. They collided on Sept. 12, 2026, exposing the fragile state of Middle East energy flows. The kingdom’s main alternative route for crude now sits
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