00:00Israel's military says it has intercepted two drones fired from Yemen early on Monday,
00:06marking a fresh escalation in the Middle East conflict.
00:09This follows Yemen's Houthi movement launching missiles toward Israel on Saturday
00:13in what was the group's first direct attack since the wider war involving US and Israel on Iran began a
00:21month ago.
00:23The involvement of the Houthis, who have been active in Yemen's long-running civil conflict,
00:28has raised concern about another key shipping route, the Bab Al-Mandeb Strait, at the mouth of the Red Sea.
00:35Heavily armed and capable of striking Gulf neighbours,
00:38any involvement in the conflict by the Houthis could cause major disruption to maritime navigation in the region
00:44as global trade reels from the near-total closure of the Strait of Hormuz.
00:48Those twin risks to major sea routes are contributing to sharp rises in oil prices
00:54and adding pressure on the global economy.
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