Brent Crude Surges Over $107 Amid Houthi Seizure in Yemen

Sep 10, 2026

53 min

Sep 10, 2026 23:30

Brent crude tops $107 after Houthis' seizure of Mokha, near Bab Al Mandab Strait

## Rising Oil Prices

Brent crude oil prices have surged past $107 per barrel following the Houthi rebels' capture of the Yemeni port city of Mokha. This strategic location near the Bab Al Mandeb Strait is crucial for global oil transportation, handling approximately 12% of the world's oil supply.

## Impact on Global Oil Routes

The seizure has intensified concerns over the security of oil shipments through this vital maritime passage. The situation is further complicated by ongoing tensions in the Strait of Hormuz, which remains largely inaccessible due to US-Iran conflicts affecting tanker movements.

## Market Reactions

As of early Friday morning in Tokyo, Brent crude rose by $6.42, marking a 6.34% increase. Meanwhile, the US benchmark, West Texas Intermediate (WTI), also saw a rise, reaching $103.8 per barrel.

## Regional Implications

Saudi Arabia, heavily reliant on the Bab Al Mandeb Strait for its oil exports to Asia, has reportedly begun rerouting shipments through the Mediterranean Sea. This move comes in response to previous Houthi attacks, highlighting the ongoing instability in the region.

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