00:01Yemen's Houthi leader threatened Saudi Arabia with full escalation.
00:06The announcement came hours before Riyadh announced a new maritime defense coalition
00:12to counter the Iran-backed group's expanding campaign against Red Sea shipping.
00:17Abdul Malik al-Houthi accused Saudi Arabia of keeping Yemen in a deliberate cycle of economic and political crisis.
00:24Saudi Arabia's response to the Houthi maritime campaign took institutional form on Thursday
00:31when Riyadh hosted 43 countries to discuss the creation of a new multinational maritime defense coalition.
00:39The coalition is designed to protect freedom of navigation and energy supply routes
00:44through the Bab el-Monded Strait, the Red Sea and the Gulf of Aden.
00:48The strait carries roughly 12% of global maritime trade.
00:52The Bab el-Monded campaign comes at a time when the Strait of Hormuz,
00:57the Gulf's other critical choke point, remained under blockade
01:00after the US-Iran war continued following the collapse of the interim deal between the two sides.
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