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                    "THE Houthi rebels have tightened their grip on a crucial global shipping route by seizing two key Red Sea islands.\n\n\n\nFears are mounting the Iranian proxy group\u2019s latest move could spark yet another worldwide oil crisis.\n\n\nHouthi rebels have been capturing key Saudi and Yemeni territories in recent weeks as they seek control in the Red Sea Credit: Reuters\n\nA satellite image shows the damage at the Saudi Arabia East-West pipeline on September 13 Credit: Reuters\n\n\nOn Monday, the Houthis took the islands of Greater and Lesser Hanish \u2013 the latest in a string of key ports and territories seized by the group.\n\n\n\nSaudi Arabia has been the target of the rebels\u2019 growing control over the Red Sea \u2013 a key route which Riyadh has been using to export its energy following the Strait of Hormuz saga.\n\n\n\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\tSign up for The US Sun newsletter\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tThank you!\t\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\n\n\n\n\n\nBrent crude prices hit $108-a-barrel today, while average US diesel prices last week soared past $6 a gallon for the first time.\n\n\n\nThe Houthi rebels\u2019 seizure of the two isles near the Bab al-Mandab strait vastly improves their ability to block off the Suez Canal \u2013 a chokepoint where 12 per cent of all global trade flows.\n\t\t\n\n\t\t\n\nThe Houthis are trying to control the Red Sea Credit: AFP\n\n\n\n\nIt came after an attack on Saudi Arabia\u2018s East-West Pipeline \u2013 a 1,200km pump that goes across the country \u2013 on Thursday.\n\n\n\nThe critical conduit moves crude production from Gulf ports to places like Yanbu on the Red Sea, where it is loaded onto vessels for export.\n\n\n\nRiyadh was forced to close down the pipeline due to the attack which is believed to have been inflicted by drones.\n\n\n\nThe damage could take one month to fix, authorities said.\n\n\t\t\n\t\t\t\t\t\t\tMost read in The US Sun\n\t\t\t\t\t\n\t\t\n\t\n\n\nWar between the Houthis and Saudi forces has blasted back into action in recent months Credit: EPA\n\nThe Houthi rebels are backed by Iran Credit: AP\n\n\nAround 2.6 million to 4 million barrels per day have moved through the pipeline since August.\n\n\n\nIf it were completely shut down for the long term, the world would \u201crequire a major reallocation of global crude flows\u201d, \u00a0Rystad Energy, a Norway-based research firm said.\n\n\n\nSaudi Arabian oil supplies were also rocked by more Iran-led strikes which reportedly left a supertanker on fire as UK pump prices continued to spiral.\n\n\n\nBritish petrol and diesel prices \u2013 which have already leapt by 5p-per-litre over the past week \u2013 are set to carry on climbing as the terror state and its comrades cripple supply routes.\n\n\n\nIran\u2019s Navy claimed supertanker Algaya exploded after striking naval mines south of Strait of Hormuz \u2013 as US commanders reported the ship had been hit by missiles.\n\n\n\nLong term knock-on effects for British householders include higher interest rates and mortgages plus consumer goods hikes as Iran declared war on Western economies.\n\n\n\nThe Houthis also took Perim island last week \u2013 another critical territory key to controlling the Red Sea.\n\n\n\nIts capture marked the Houthis\u2019 biggest territorial gain in years and put them in a strong position to threaten vessels in the Bab al-Mandab strait.\n\n\n\nMarkets\u00a0fear the latest developments could lead to a terrifying triple blockade that would spark an economic meltdown.\n\n\n\nOil exported from the Gulf now has to travel through three huge barriers to reach Europe \u2013 the US blockade of Iranian ports, the IRGC blockade of Hormuz and the threat from the Houthis in the Gate of Tears.\n\n\n\nRetired Major General Chip Chapman, former senior British military commander to US Central Command, told The Sun that the chance of this triple blockade\u00a0will send the price of petrol shooting up.\n\n\n\nHe said: \u201cNot only have you got the Strait of Hormuz, which is a choke point where you\u2019ve got a double blockade, but this also leads to a triple blockade with the Bab al-Mandab.\n\n\n\n\u201cThat\u2019s the significance of both the capture of Perim Island and Mocha.\n\n\n\n\u201cA barrel of Brent Oil, the real benchmark that people use, is $104 today. It was $100 earlier in the week. That means that you\u2019ll see your prices of your petrol going up.\u201d\n\n\t\n\nComment now"
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