Red Sea Frontline: Yemen’s Houthis pressed their push along the Red Sea coast, with fighting intensifying around Bab el-Mandeb as they claimed attacks on Saudi targets and seized key areas, while Yemen’s internationally recognized government denounced civilian deaths and injuries tied to the offensive. Saudi Security Alerts: Saudi civil defense issued and then lifted warnings in southern cities after reported Houthi missile and drone activity, as strikes hit near civilian and economic sites. Oil Shock Risk: The biggest immediate fallout is energy disruption: Saudi Arabia shut its East-West pipeline after drone damage, traders warn exports could run out in days, threatening up to 4% of global supply and pushing Brent above $107. Diplomacy Under Strain: South Korea condemned Houthi attacks on Saudi Arabia, urging an immediate halt, while Oman postponed an Iran-Gulf meeting aimed at easing Strait of Hormuz tensions. Humanitarian Pressure: UN-linked reporting says tens of thousands have fled Yemen since early September as the conflict expands, including toward strategic Red Sea areas. Regional Fallout: Pakistan and other Gulf partners face a tougher choice as the Yemen war increasingly threatens wider regional stability and global shipping.