Houthi gains reshape Gulf power balance By seizing Yemen’s Red Sea coast and securing the area overlooking the Bab al-Mandab strait, the Iran-aligned Houthis have opened a second pressure point, threatening Saudi oil exports rerouted from the Strait of Hormuz Sep 11: Saudi Arabia’s East-West oil pipeline shut after attack, disrupting route with capacity of 7m barrels per day (b/d) to Red Sea Detail IRAN YEMEN SAUDI ARABIA Strait of Hormuz Persian Gulf Suez Canal Red Sea INDIAN OCEAN East-West pipeline Yanbu Aden: Seat of Yemen’s internationally recognised government DJIBOUTI ERITREA YEMEN GULF OF ADEN 20km AD-DALI LAHIJ ADEN HODEIDA TAIZ IBB 12 miles 20km Taiz Ibb Ad-Dali Hays Al Khawkhah Hanish Islands Perim Island RED SEA Sep 10: Houthis seize Mocha – government forces relocate to Dhubab Sep 11: Houthis enter Dhubab and seize Perim Island Bab al-Mandab strait Saudi crude flows through strait plunged to just over 1.5 million b/d in August from nearly 5.9m b/d in June, as Houthi threats drove more Yanbu oil through Suez Houthi control (as of Sep 13) Houthi offensive (Sep 9-Sep 13) Fighting reported (Sep 14) Sources: Reuters, Institute for the Study of War, S&P Global Commodities at Sea © GRAPHIC NEWS