Qatar
Losing access to Bab el-Mandeb would be 'catastrophic,' Qatar warns
The Houthi Red Sea coast offensive has placed another vital shipping route at risk as the Hormuz blockade disrupts trade and energy supplies. Qatar said closing the Red Sea gateway would worsen the crisis and has called for a diplomatic solution.
Economy
Oil producers race to build alternatives to Hormuz as oil hits $100
Gulf oil producers are spending billions of dollars on pipelines designed to route crude around the Strait of Hormuz, as Iran's grip on the waterway drags on causing oil prices to hit $100 a barrel for the first time since May.
Yemen
Houthis join Iran war, threatening Red Sea trade amid Hormuz closure
Yemen's Houthis declared a ban on Israeli shipping in the Red Sea and claimed a missile strike on Israel, with the Bab el-Mandeb and Hormuz blockades now simultaneously threatening roughly a third of the world's seaborne oil and gas.