What the lightning Houthi advance means for the world

两大航道同时受阻!红海危机,如何烧向全球油价和通胀?

The Story

2026-09-15

31 分钟
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The Iranian-backed Houthis have seized large swathes of territory in Yemen and taken control of the Bab al-Mandeb strait, a key shipping corridor between Asia and Europe. About 12 percent of global trade passes through the strait, including huge amounts of oil, so the move has sent energy prices skyrocketing. But, who are the Houthis? What’s their aim? And with regional powers wary of getting dragged into yet another war, who can stop them? This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today: http://thetimes.com/thestory Guest: Dr. Elisabeth Kendall, president of Girton College, Cambridge, specialising in Arabic and Islamic studies. Host: Manveen Rana. Producers: Olivia Case, Robyn Simon. We want to hear from you - email: thestory@thetimes.com Read more: Houthis seized strait ‘without a fight’. Now they’re bracing for one Further listening: Inside the West Bank crisis driving Britain to act Clips: PBS, CBS, BBC, France 24, Fox News, ABC, CNN. Photo: Mohammed Huwais for Getty Images. This podcast was brought to you thanks to subscribers of The Times and The Sunday Times. To enjoy unlimited digital access to all our journalism subscribe here. Hosted on Acast. See acast.com/privacy for more information.
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  • From The Times and The Sunday Times, this is The Story.

  • I'm Manveen Rana.

  • Global markets are taking a battering.

  • Interest rates around the world look set to increase,

  • and everyone will, in one way or another, be feeling the impact,

  • as oil prices have surged over the past week.

  • Tonight, Americans are feeling the squeeze from skyrocketing fuel prices.

  • Gas up $0.16 from a week ago to nationwide average of $4.31 a gallon.

  • Diesel fuel also at an all-time high, impacting the cost of everything delivered.

  • Those concerns about the price of oil followed President Trump here to Ireland,

  • where people are also paying more to fill their cars and heat their homes.

  • In just one week, oil prices have shot up and are fueling global inflation.

  • But is that all because of what some have described as a ragtag army of rebel fighters?

  • We are now getting a clearer picture of the fighting that led to the Houthis' lightning advances.

  • With fists raised in the air and shouting 'God is great',

  • these Houthi rebels are celebrating amid reports

  • the group has taken control of the Red Sea city of Mocha.

  • Oil prices have been under pressure ever since the war with Iran broke out in February,

  • effectively closing the Strait of Hormuz.

  • But now, a lightning charge by Yemen's Houthi forces