Brent crude broke through the $107 per barrel mark, up nearly 6%. Yemen's Houthis are advancing towards the Red Sea coastal area adjacent to the strategic route Mande Strait, and progress has been made in seizing Muha, a city near the southern tip of the Red Sea. According to some sources, the Yemeni port city has been captured. Shipping safety consultant Bjorn Behrens said Muha's failure “will undoubtedly have an impact on maritime safety in the region.”

Brent crude broke through the $107 per barrel mark, up nearly 6%. Yemen's Houthis are advancing towards the Red Sea coastal area adjacent to the strategic route Mande Strait, and progress has been made in seizing Muha, a city near the southern tip of the Red Sea. According to some sources, the Yemeni port city has been captured. Shipping safety consultant Bjorn Behrens said Muha's failure “will undoubtedly have an impact on maritime safety in the region.”