Houthi rebels seize Perim Island in the Bab el-Mandeb Strait, capturing what a former Pentagon official calls the "cork in the Red Sea bottle" and opening a new front in the Red Sea shipping chokepoint.
Oil prices surge past $100 with WTI crude at $103.2 per barrel (up 3.12%) and Brent at $108.1 (up 3.30%) as fears of extended supply disruptions mount.
U.S. military on high alert with 50,000 personnel in the region prepped for battle at...
