Truth Behind Yemen's Attack on Israel that Could Deepen Global Economic Crisis
Houthi rebels fired ballistic missiles at Israeli military sites, escalating the Iran-Israel conflict and threatening key maritime trade routes used for $1 trillion in goods annually.
- On Saturday, Yemen's Houthi rebels joined the ongoing Middle East war, firing ballistic missiles at 'sensitive Israeli military sites' in southern Israel. Houthi Brig Gen Yahya Saree announced the strikes, marking the group's first intervention in the conflict.
- Following Saree's warning Friday that rebels would not allow the U.S. and Israel to use the Red Sea for attacks against Iran, the group's intervention complicates its uneasy ceasefire with Saudi Arabia. President Donald Trump faces pressure to end Iran's chokehold on the strait.
- Experts fear renewed Red Sea attacks could disrupt the Suez Canal, which handles about 10% of global maritime trade. About $1 trillion worth of goods, including 40% of container ship traffic, passed through the corridor annually before the war.
- Analysts warn of a 'coordinated multi-strait blockade' involving the Bab al-Mandeb Strait and the Strait of Hormuz. Senior researcher Ibrahim Jalal described the threat as 'very alarming,' noting Iran has prepared this theater for years with the Houthis.
- Diplomats from Saudi Arabia, Turkey, and Egypt will arrive Sunday in Islamabad for talks aimed at de-escalating regional hostilities. President Trump remains under pressure to end Iran's chokehold on the Strait of Hormuz as diplomatic ceasefire efforts face significant challenges.
17 Articles
17 Articles
Houthi Entry Into Iran-Israel War Stokes Fresh Alarm Over Red Sea Trade Routes and Global Oil Prices
Iran-backed Houthi rebels entered the ongoing war between the United States, Israel and Iran — now in its second month — on Saturday, firing what they described as a barrage of ballistic missiles at 'sensitive Israeli military sites' in southern Israel, their first strikes since the conflict erupted. The Israeli military said it intercepted a missile fired from Yemen, with air raid sirens triggered around Beersheba and the area near Israel's mai…
Iran-backed Houthis claim first missile launch on Israel, raising fears they will attack ships in the Red Sea and disrupt traffic through Suez Canal
About 10% of global maritime trade — including 40% of container ship traffic — passes through the canal each year.
After the closure of the Strait of Hormuz, some of the oil was diverted to the Red Sea route, where the Houthis attacked ships in 2024 and 2025.
Yemen's Houthi militia, backed by Iran, attributed on Saturday the launch of a missile against Israel in the early hours of the morning, the first since the beginning of the war in the Middle East. The group's offensive, whose actions in the Red Sea had already disrupted maritime transport and international trade during the war in Gaza, again puts under pressure the Bab el-Mandeb Strait, a key strategic step for traffic towards the Suez Canal. B…
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