Another blow to global trade - Houthis seize strategic Red Sea point
The Houthi movement in Yemen has raised new concerns about the security of one of the world's most important sea lanes. The Iran-backed group has taken control of the island of Mayyun, also known as Perim, in the center of the Bab el-Mandeb Strait.
According to local officials and witnesses, Houthi fighters arrived on the island after government forces withdrew. With the move, the group has expanded its presence along the strait, which connects the Red Sea with the Gulf of Aden and constitutes a vital corridor for international shipping.
The Houthi offensive has also expanded to other areas of the Red Sea coast. The group has captured the port city of Mokha, the island of Zuqar, as well as several coastal areas, significantly increasing its control over this part of Yemen.
The Bab el-Mandeb is a strategic point for world trade, as the sea route through the Red Sea and the Suez Canal connects Asian markets with Europe. According to data cited in the report, nearly a third of the world's container traffic passes through the Red Sea.
The developments are particularly worrying for energy markets, as the Bab el-Mandeb and Hormuz straits together account for more than a quarter of the world's maritime trade in crude oil and petroleum products.
The escalation of the situation comes at a time when the price of oil has exceeded $100 per barrel, while attacks and tensions in the region have added uncertainty to global supplies.
The conflict in Yemen has escalated in recent weeks, with fighting between the Houthis and Saudi-backed government forces. More than 500 people have been killed since the start of the latest clashes, most of them fighters, according to a tally compiled by AFP.
If the Houthis were to actually disrupt maritime traffic in Bab el-Mandeb, the consequences could extend beyond the region, increasing transportation costs and putting pressure on energy and commodity prices in international markets.
New housing reform - Minister Ibrahimaj publishes details: Loans with 0% and 3% interest
The Minister of Economy and Innovation, Delina Ibrahimaj, shared with the public details of the new housing reform. According to her, the reform will not......
Legalization of housing - How is the procedure done when there are claims? Within 30 days when there are development plans
The government aims to finally close the process of legalizing housing in cases where construction companies have exceeded the approved permit, cases where......
Working abroad brings in 426 million euros/ Together with remittances, the inflows exceed 1 billion euros in six months
The income that the Albanian economy benefits from the work of citizens abroad has continued to grow at a strong pace even during 2026. According to data......
German financing in energy - Karakaçi: 110 million euros for 3 projects in Albania. 20 million euros are grants
Albania will benefit from 110 million euros in funding from the German government for the implementation of three projects in the energy and infrastructure......
BoA and UNDP strengthen cooperation - Green finance, financial education and support for small businesses discussed
The Governor of the Bank of Albania, Gent Sejko, held a meeting with the Permanent Representative of the United Nations Development Programme (UNDP) in......
Young people in the labor market/ 7 thousand fewer employees compared to last year
Young people in Albania are facing a job market that has changed significantly over the past year. According to data, in the second quarter of 2026, there......
What does “afterschool” offer? - Artistic clubs, competitions and experienced trainers
The "After School" program will not only serve to keep students in school beyond school hours, but will also create opportunities for them to develop their......
China, the world's new laboratory - Robots, AI and automated factories attract global business
China is becoming a new destination for investors and company executives who want to get a first-hand look at the technologies that are changing industries.......
