Potential Houthi threat to Red Sea shipping could further damage global economy
The Houthis held their fire for the first four weeks of the war, despite their affiliation with and backing from Iran. Now, the movement that still holds the Yemeni capital, Sanaa, and the north and other areas of the country, has made its first move, firing missiles towards Israel.
But those attacks - which had come to an end many months ago - did little real damage to Israel.
Where the Houthis pose a much bigger threat is off the coast of Yemen.
As part of their support for Hamas, the group targeted shipping coming through the Bab al-Mandab strait at the southern end of the Red Sea, between Yemen and the Horn of Africa.
Were they to do so again, it would be another big blow to the global economy.
Coupled with Iran's near-closure of the Strait of Hormuz, two of the main strategic waterways in the world for trade and energy supplies could potentially be cut off.
But the Houthis appear to have weathered that.
The question now is how far the movement is prepared to go.
When it carried out attacks in support of Hamas and the Palestinians, it received some domestic and regional approbation. Doing so for Iran may be a different matter.
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