Beijing's High Stakes Gamble in the Red Sea China has intervened in the conflict between Iran and Saudi Arabia by asking Tehran to rein in its proxy forces in Yemen.
This move reflects Beijing's growing economic interests in the region and a calculated attempt to protect its own energy security.
The rapid advances made by the Houthis along Yemen's Red Sea coast and around the Bab el Mandeb Strait have put Saudi oil exports and shipping at risk of disruption, sending shockwaves through the global energy market.