The Houthi rebels in Yemen have announced a maritime embargo against Saudi Arabia, escalating tensions in the region and potentially impacting global oil markets.This blockade, if enforced, could reduce global oil supply by 7% by blocking the Bab al-Mandab Strait, a critical chokepoint for oil exports.The move comes amid ongoing conflict between Saudi Arabia and Iran, with both sides vying for control of strategic waterways.The blockade could further strain Saudi Arabia's economy by cutting off access to its Red Sea ports, which are vital for oil exports.Analysts warn that a simultaneous crisis at the Strait of Hormuz and the Bab al-Mandab could create a larger shock to global energy markets.The Houthi group, backed by Iran, has previously targeted shipping lanes, forcing vessels to take longer routes around Africa.The conflict has already disrupted oil flows by 10%, and the new blockade could exacerbate this.Diplomatic efforts to restore a ceasefire between the US and Iran are ongoing, but tensions remain high.The situation highlights the interconnectedness of regional conflicts and their potential to impact global energy security.