Yemen: War in Yemen Could Threaten One of the World's Most Important Oil Choke Points

Mar 27, 2015 | Armin Rosen, Business Insider
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Oil prices are surging after Saudi Arabia began a military operation against Iranian-supported Houthi rebels in neighbouring Yemen:

Yemen isn’t a world-shaking oil producer, churning out a mere 133,000 barrels a day in 2013. Prices may have been jolted by the strong possibility that Saudi Arabia, which produces 11.6 million barrels a day, is entering in a risky military conflict.

The situation in Aden, a strategically decisive port city on Yemen’s southern coast, was so bad that president Adb Rabbu Mansur Hadi reportedly had to flee the city, and the country, by boat rather than by air.