Diesel prices in the U.S. have hit a painful new milestone, $6 a gallon as, reports said, Houthi rebels in Yemen took the key Red Sea port city of Mokha.

Iran-backed Houthi rebels have captured the Red Sea port of Mokha and the strategic island of Mayun in Yemen. This move brings their forces to the heart of the Bab el-Mandeb Strait, a critical

Iranian-backed Houthi rebels in Yemen seized a key island on Friday after having captured a Red Sea port, moves that threatened to further disrupt international shipping in the region. Iran called on Saudi Arabia to end its blockade of Yemen and immediately resume talks.

The Iran-linked militants are advancing on the Red Sea coast following the capture of the strategic port of Mokha, bringing the group closer to full control of the Bab al-Mandeb Strait.

Bab el-Mandeb shipping risk can rise well before a formal closure, forcing companies to rethink insurance, routes, inventories and energy exposure.

Houthis have expanded their grip in Yemen after seizing the strategic Red Sea port city of Mokha and taking control of Zuqar Island. The latest advance brings the Iran-aligned group closer to the strategically vital Bab el-Mandeb Strait,

The Yemeni coastal city of Mokha has fallen to the Houthis for the first time since 2017. This development threatens international maritime navigation in the Bab al-Mandab Strait—located near the ports- prompting the head of Yemen’s Presidential Leadership Council to warn that "protecting the Yemeni coast is a Yemeni,