Speaker states the Houthis could hit the Yanbu port and cut off ~7 million barrels per day of Saudi exports via the Red Sea, which would be "very bad for the world energy markets." The entry of the Houthis introduces a credible threat to the last major alternative export route (East-West pipeline to Yanbu) for Middle Eastern oil, following the closure of the Strait of Hormuz. The risk of a second major choke point significantly increases the potential for a severe, ongoing supply shock, pushing prices higher and threatening global growth. The Houthis honor their peace agreement with the U.S. and refrain from attacking Red Sea shipping and infrastructure.