How Iran's regional allies' attacks in Yemen are compounding the war's impact on oil prices, tell me about this news in (https://www.cbsnews.com/news/iran-war-oil-prices-houthis-yemen-saudi-arabia-east-west-pipeline/)

According to the CBS News report, escalating attacks by Iran-backed proxy forcesparticularly the Houthi movement in Yemenare intensifying pressure on global energy supplies and pushing international oil prices to near four-month highs, with Brent crude reaching around $108 per barrel.Key details covered in the report include:

• East-West Pipeline Shut Down: The recent price surge was largely triggered by a drone attack that struck a pumping station along Saudi Arabia’s 745-mile East-West pipeline, forcing it offline. The pipeline serves as the kingdom’s primary bypass around the contested Strait of Hormuz, transporting crude to the Red Sea port of Yanbu. Analysts estimate that bringing the pipeline fully back online could take 3 to 5 weeks, potentially keeping about 4% of global oil supplies off the market.
• Houthi Blockade on Saudi Shipping: Following a blockade declared in late July, Houthi forces have targeted Saudi-owned and operated tankers. This has reduced Saudi shipping through the southern Red Sea gatewaythe Bab el-Mandeb Straitto near zero. The rebels have also expanded their strategic footprint along Yemen’s coast, seizing the port city of Mokha and the strategically vital Perim Island in the middle of the strait.
• Sharp Decline in Saudi Production: Driven by export bottlenecks and regional security threats, Saudi Arabia’s crude output dropped below 6 million barrels per day in August, down from roughly 8 million barrels per day in July and well below its planned targets.
• Strategic Leverage Over Critical Chokepoints: Prior to the conflict, approximately 30% of global oil supplies moved via tanker through the Strait of Hormuz (about 20%) and the Bab el-Mandeb Strait (about 10%). Regional security experts warn that Iran’s longer-term objective appears to be establishing dual controlholding sway over the Bab el-Mandeb via the Houthis while controlling the Strait of Hormuz directlyeffectively giving Tehran leverage over vital global trade and energy corridors.