Why Houthi military gains in Yemen may further increase gas prices

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-11 • Permanent link

Rising tensions in the Middle East have sparked a surge in global gas prices, with the latest Houthi military gains in Yemen threatening to disrupt oil supplies to key markets. The Houthi rebels, backed by Iran, have made significant advances along Yemen's Red Sea coast, prompting concerns about the potential for attacks on Saudi Arabia's oil facilities. This has already led to a significant spike in gas prices, with Brent crude futures rising by over 5% in the past 24 hours.

As the situation continues to unfold, investors are bracing themselves for a potential shock to the global economy. The impact on consumers is likely to be felt at the pump, with higher gas prices translating into increased costs for families and businesses. The result: a squeeze on household budgets and a boost to inflation, which is already running at a 40-year high in many developed economies.

The Houthi conflict in Yemen has its roots in the country's long-standing sectarian divisions, which date back to the 1990s. Since then, the group has been waging a guerrilla war against the government and its Western backers, including the United States and Saudi Arabia. The conflict has had a devastating impact on Yemen's economy, which is already one of the poorest in the Middle East. The humanitarian crisis has been exacerbated by the ongoing war, with millions of people in need of aid and assistance.

As the situation in Yemen continues to deteriorate, investors will be watching closely for any developments that could impact the global economy. The next few weeks will be crucial in determining the trajectory of the conflict, and the potential for further disruptions to oil supplies. With the US and other major powers engaged in diplomatic efforts to broker a peace deal, the international community will be holding its breath as the situation unfolds.