Yemen's Houthi rebels have gained control of two strategic islands in the southern Red Sea. The islands of Greater and Lesser Hanish are now under Houthi control, which could impact a key maritime shipping route. This development may put additional pressure on oil prices.

The Houthi rebels' takeover of the islands comes as they make swift advances in the region. Saudi-backed government forces have been trying to regain territory.

Further details on the situation in the Middle East, including other regional developments, are available from the source.