The strategic capture of the Bab al-Mandeb strait coincides with drone attacks on Saudi Arabia's East-West pipeline, leaving the kingdom with no short-haul export routes.
Twin blows to energy infrastructure and maritime security have pushed crude prices above $100 a barrel while displacing over 46,000 people in Yemen.
The escalation follows the collapse of a four-year truce and threatens critical oil export routes via the Bab al-Mandab Strait as Saudi Arabia bypasses the closed Strait of Hormuz.
A coordinated barrage of Houthi drone and missile strikes killed at least 58 Yemeni government forces, shattering a cessation of hostilities.
Brent crude oil prices rose above 100 U.S. Dollars per barrel as the U.S. implemented a naval blockade following attacks on commercial tankers in the region.