Houthi forces just took the strategic island of Perim in the Bab el-Mandeb Strait. Yemeni government forces bailed. This isn't symbolic. The Bab el-Mandeb handles roughly 12% of global seaborne oil flows and ranks 4th among world shipping chokepoints. The Houthis now control a major lever on global energy markets. Pattern across your recent feed: Saudi coalition keeps losing territory, infrastructure, and the ability to project power. Meanwhile the US Navy is contemplating abandoning its main Middle East hub. The entire regional order the US spent decades building is collapsing in real time, and Washington seems to be watching it happen without a strategy.