TIME | Oil Markets Blow Yemen Crisis Out of Proportion TIME Oil Markets Blow Yemen Crisis Out of Proportion. Nick Cunningham / Oilprice.com @oilandenergy. March 26, 2015. SHARE. Shiite rebels, known as Houthis, gather to protest against Saudi-led airstrikes in Hani Mohammed—AP Shiite rebels, known as ... The Short Answer Why Does Yemen Matter to the World's Oil Market? Saudi battle for Yemen exposes fragility of global oil supply Oil prices fall more than $1 as supply threat eases |