The Gulf is sliding toward a catastrophe that grows harder to contain by the week. What began as a narrower confrontation has metastasized: Houthi fighters have seized a strategic island commanding the Bab el-Mandeb Strait, threatening to choke off Red Sea oil route. Should this happen, this could follow the already closed Strait of Hormuz. Crude prices pushing past $100 a barrel is already wreaking havoc with global economy, especially India, which imports........

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