Houthis 'take control' of key island in global shipping route

Houthis announced they have seized Perim Island in the Red Sea, a strategic point on the Bab al-Mandab Strait that channels Asian-European trade and Saudi oil exports after the Strait of Hormuz was closed. They warned that all vessels except Saudi-flagged ships face threats, while oil markets remain volatile amid uncertainty over potential disruptions to the Red Sea route.