Houthis capture US-supplied weapons in Yemen as oil routes stay blocked
The Iran war is turning into a costly mess for Americans, with gas prices set to stay high and US-made weapons now in Houthi hands.
- Both the Strait of Hormuz and the Red Sea are blocked, choking off oil, fertilizer, and other goods.
- Saudi oil pipelines are being bombed, sending oil prices sharply higher.
- Houthi fighters overrunning parts of Yemen seized American tanks and weapons sent to Saudi and Yemeni forces, echoing what happened in Afghanistan and Iraq.
- Higher oil prices feed into plastics and almost everything else people buy, so prices climb across the board.
- Defense contractors like Lockheed Martin, Raytheon, and Boeing win either way, since both sides now have to buy more weapons.
Outlook: The war may drag on for years, keeping shipping routes shut and gas prices high while more energy infrastructure gets destroyed.