Diesel hits record $6 a gallon as Houthis take key Red Sea port city
Summary
Diesel prices in the U.S. have reached a record high of over $6 a gallon, largely affecting transportation costs nationwide. Meanwhile, Yemen's Iran-backed Houthi rebels took control of the critical Red Sea port city of Mokha, raising concerns about threats to global shipping routes, particularly the Bab el-Mandeb Strait, a key passage for oil exports.Key Facts
- The U.S. national average price for diesel fuel is now $6.05 per gallon, up more than 60% from last year.
- Yemen's Houthi rebels captured the Red Sea port city of Mokha on Thursday.
- Mokha’s location is near the Bab el-Mandeb Strait, an important route for global shipping and oil exports.
- Iran supports the Houthis and called for an end to Saudi Arabia's blockade of Yemen.
- Saudi airstrikes targeted the Mokha airport shortly after the Houthis took the city.
- Iran’s government expressed readiness to support negotiations between Saudi Arabia and the Houthis.
- Experts believe the Houthis’ control of Mokha could strengthen Iran’s position in talks with the U.S. and impact global oil prices.
- The conflict in Yemen is part of a broader regional struggle involving Iran and Saudi Arabia.
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