KINIGUIDE | Oil prices are climbing once again as attacks by a Yemeni armed group on commercial ships in the Red Sea threaten another one of the world’s important energy trade routes.

The latest attacks have ignited a new phase in the crisis between the United States (US) and Iran, drawing fresh attention to Yemen’s Houthi group - an Iran-aligned armed movement that has become a key player in the widening regional conflict.

The developments have raised concerns over the stability of the global energy supply chain, particularly amid ongoing tensions in the Strait of Hormuz, one of the world's most important oil shipping routes.

Attention has now also shifted to...