Two Wars: One Common Theme

As the U.S. and Saudi Arabia escalate separate wars, Iran and the Houthis are exposing a dangerous vulnerability that could devastate global energy markets.

Oct 16, 2026

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Smoke billows from the presidential palace complex following an attack by Yemen’s Houthis, according to government officials, in Aden, Yemen, October 15, 2026, in this screen grab obtained from a social media video. Social Media/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES.
Verification:
-Reuters verified the location of the video as Aden, Yemen from the buildings, utility towers and coastline which matched archive and satellite imagery.
-The date when the footage was filmed was verified from an official statement released by Yemen’s internationally recognized government Information Minister Moammar al-Eryani about the attack by the Houthis at the presidential palace complex on October 15.
-Houthi-run Saba news agency said the group had targeted a military operations headquarters run by Saudi officers at the complex. October 15, 2026. — As the U.S. and Saudi Arabia escalate separate wars, Iran and the Houthis are exposing a dangerous vulnerability that could devastate global energy markets.

By Brett Erickson, financial crime and geopolitical expert

While most people around the world are focusing on the U.S./Iran War that has seen a significant uptick in vessels being struck in the Strait of Hormuz, another war is being fought between Saudi Arabia and Ansar Allah (Houthis).

Despite both of these wars being separate from one another, each actively affects the other. And nowhere is this clearer than the global energy markets that are already riled by eight months of fighting over global shipping lanes in Hormuz.

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