Saudi coalition forces in Yemen have managed to reclaim several key areas near the strategic Bab al-Mandab Strait from Houthi rebels. This operation followed intense clashes between Yemeni government forces and the Houthis, and according to Yemeni officials, control of the outskirts of the city of Mocha was returned to the government on Monday.
Military Developments in Yemen
The coalition's naval forces also conducted a military operation in the Al Hudaydah province of Yemen, located on the Red Sea, and seized an airport runway in the Dhubab area, near the mouth of the Bab al-Mandab Strait. These developments demonstrate the Saudi coalition's determination to reclaim strategic areas in Yemen, which are of high importance due to their unique geographical position.
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In response to the advances of Yemeni government forces, the Houthis announced that they have carried out retaliatory attacks against oil facilities, airports, and other infrastructure in Saudi Arabia. This group, which has controlled large parts of Yemen since 2014, particularly the capital Sana'a, claimed that the statements of government forces are baseless.
Concerns in the Energy Market
Concerns about a reduction in oil flow through the two strategic straits of Hormuz and Bab al-Mandab in recent weeks have significantly impacted energy markets. However, oil exporters in the Gulf managed to bring their production back to pre-war levels around mid-September. Transport data shows that the weekly average of crude oil exports from this region reached 18.3 million barrels per day on September 30, and this figure has exceeded pre-war levels from late February for 14 days last month.
These developments reflect the complexity of the security situation in Yemen and its impact on global energy markets. Given the importance of the Bab al-Mandab and Hormuz straits for oil transportation, any fluctuations in these areas could directly affect global oil prices and increase concerns among investors.
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