Houthis enter the fray as Israel and Iran trade missiles
AI Summary
Tensions in the Middle East have escalated as Israel launched strikes against Iran, targeting a petrochemical plant and military sites, while the Houthis have increased involvement. These developments raise concerns about disruptions to global shipping markets, especially around the Strait of Hormuz and the Red Sea.
Middle East tensions have escalated sharply after Israel launched strikes against Iran, triggering fresh concerns for global shipping markets already grappling with disruption in the Strait of Hormuz and renewed threats in the Red Sea. The Israeli military said it had struck a petrochemical plant in Iran’s southwest, along with military targets in western and …