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Diesel hits record $6 a gallon as Iran-backed Houthis take key Red Sea territory

Diesel hits record $6 a gallon as Iran-backed Houthis take key Red Sea territory — photograph supplied by CBS World

Image: CBS World

The moves by the Houthis make it easier for the Iran-backed rebels to target ships transiting the crucial Bab el-Mandeb Strait for Saudi Arabian oil exports.

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