the houti's just became more powerful; 

 

We just witnessed one of the biggest military developments in the Middle East in months. It is being reported that a major ground offensive by the Houthis has enabled them to take control of the port city of Mocha right on the coast of the Red Sea, Zuqar Island and the rest of the Hanish island chain, and Mayun Island which is located in the Bab el-Mandeb Strait at the south entrance into the Red Sea. This is being called a “strategic disaster” for the United States and Saudi Arabia, because it will give the Houthis an iron grip on the Bab el-Mandeb Strait. Needless to say, investors were spooked by this news. Yesterday we were talking about how Brent crude had suddenly risen to $100 a barrel, but today it shot up to $107 a barrel. West Texas crude is up to $102 a barrel, and that is really freaking people out. Unfortunately, there is no end in sight for this crisis.

So much has changed within the past 24 hours.

The Houthis have successfully captured the most important Yemeni port city on the coast of the Red Sea…......more.......