The Houthis Threaten to Escalate the Iran War

The Economist: “In a war in which tens of thousands of bombs have been dropped across the Middle East, killing perhaps thousands of civilians, the latest strike may have seemed trivial: a single rocket, intercepted mid-flight, harming no one.

“Yet the launch on March 28th of the first missiles towards southern Israel by Yemen’s Houthi militia since the start of the Iran war could herald the opening of a new front—with far-reaching consequences for the global economy.”

“If the Houthis target shipping in the Red Sea while the Strait of Hormuz remains closed, oil prices could surge further. The economic cost of the war may become high enough for America to abandon it…”