With Houthis joining West Asia war, Red Sea risks spike even as Iran disrupts Hormuz shipping
Yemen's Houthi rebels have entered the West Asia war by launching a ballistic missile towards Israel, sparking concerns about disruption to Red Sea shipping. The intervention has raised fears of further economic damage and global instability, with trade from the Gulf already choked off due to the closure of the Strait of Hormuz.
Yemen's Houthi rebels launched a ballistic missile towards Israel, marking their entry into the West Asia war. The move has sparked concerns about disruption to Red Sea shipping, with trade from the Gulf already affected by the closure of the Strait of Hormuz. The Houthis had previously stayed out of the conflict, but cited solidarity with Palestinians as their reason for joining. The Red Sea has become increasingly important for oil exports, with Saudi Arabia diverting a large proportion of its exports to the Red Sea port of Yanbu. Iran's military has targeted a US logistics vessel near the Omani port of Salalah, and air travel has been disrupted in the region. The conflict has caused global economic pain, with oil and gas prices soaring.
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