Brent holds above $101 as Houthis seize Mocha and Iran declares a maritime "sanctioned area"

Escalation broadened on two new axes — the Houthis captured the Yemeni Red Sea port of Mocha and are pushing on the Bab el-Mandeb, while Iran's IRGC declared a new maritime "sanctioned area" running from Chabahar into the Gulf of Oman and the Arabian Sea — leaving Brent above $101 a barrel in its first sustained spell above $100 since July .

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