Yemen’s Houthi rebels declared a total ban on Israeli ships in the Red Sea on Monday and launched a ballistic missile toward central Israel.
The Israeli military intercepted the incoming projectile near Tel Aviv, triggering air raid sirens across the country and forcing a temporary closure of its airspace. By banning Israeli-linked vessels from the Bab al-Mandab Strait, the Iran-backed group is threatening a critical global trade chokepoint used for oil and commercial cargo. This escalation marks the opening of a fourth front for Israel as direct strikes between the Israeli military and Iran shatter recent ceasefire hopes.
Global markets are now bracing for potential oil price spikes and increased naval intervention to protect international shipping lanes.
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