Writing the summary…
Houthis seize strategic Red Sea islands as analysts warn of impending oil crunch
Source: The Guardian

Original reporting
The Guardian: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
Related stories

BBC Business2 outlets
Anthropic flags revenue surge to investors ahead of stock market debut
It comes as some investors have become concerned about the amount of money being spent on AI infrastructure.
CNBC
Elon Musk says Trump is 'ultimately' responsible for any curbs on Ukraine's Starshield systems
"Any limits on speed or usage are decided by the US military and ultimately POTUS," Musk wrote.
CNBC
Meta- and Google-backed Jio Platforms to raise up to $3.2 billion in historic IPO in India
Jio's share sale will be India's largest ever in rupee terms, and second largest in dollar terms, trailing the Hyundai Motors IPO that raised $3.3 billion in 2024.
CNBC
SK Hynix shares plunge 10% amid Asia tech rout as Fed rate hike fears, AI funding worries mount
A sell-off in global technology hardware stocks deepened Thursday.
CNBC
Inside India newsletter: Billionaire Ambani’s mega-IPO faces a valuation reality check amid Musk spat
Jio Platforms, the company at the center of Musk’s remarks, is launching an IPO later this month.

BBC Business
How backlash against data centres could shape the US midterm elections
Democrats and Republicans alike are coming out against data centre development, amid growing backlash across the US.