Houthi forces expand blockade against Saudi Arabian vessels to the northern Red Sea, an area connecting to the Suez Canal for access to the Mediterranean Sea.
A Yemeni official stated that the Houthi armed group is seeking to establish a system to collect fees from ships passing through the Red Sea and the Bab el-Mandeb Strait.
Brent crude is now trading near 92 USD per barrel, driven by fears of further supply disruptions as Houthi forces declare a maritime blockade against Saudi Arabia.