00:01Yemen's Houthi rebels have joined the fight in the Mid-East war on Iran's side,
00:06announcing a missile attack on Israel on Monday and declaring a ban on Israeli shipping in the Red Sea.
00:12The Houthis have already harassed cargo ships during the Israeli-Hamas war in Gaza
00:16that forced many companies into a lengthy detour around the tip of southern Africa,
00:21which generally adds around 14 days and significant cost to journeys between Asia and Europe.
00:27Oil passing through the Bab el-Mandeb Strait dropped from 8.8 million to around 4 million barrels per day
00:34during the first campaign.
00:36The Houthis paused the attacks after the Gaza ceasefire in October 2025 but warned they would resume if the Iran
00:42war escalated.
00:44The Strait of Hormuz is still closed and their renewed threat now puts two of the world's most critical maritime
00:50choke points at risk.
00:51The Bab el-Mandeb, just 26 kilometers wide at its narrowest point, connects the Red Sea to the Gulf of
00:58Aden
00:59and the wider Indian Ocean where 12% of global maritime trade passes through.
01:04The Houthis attack came as Israel and Iran traded fire on Monday,
01:08putting the ceasefire under renewed strain and threatening hopes for a peace deal.
01:13To be continued...
01:14To be continued...
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