Conflict Timeline

Brent crude oil prices rose more than 13% this week, exceeding $100 per barrel after reports that Yemen’s Houthi forces warned shipping companies against using Saudi ports and threatened targets in the Bab al-Mandab strait. The increase followed earlier declines linked to reduced traffic through the Strait of Hormuz amid an apparent breakdown in the US-Iran ceasefire.

Analysts have stated that further disruptions to Red Sea routes could affect remaining Gulf export pathways, though the extent of any sustained price impact remains unconfirmed.