Yemen’s Houthi rebels have entered the widening West Asia conflict, raising concerns over the security of critical Red Sea shipping routes. The group has previously targeted commercial vessels and warships near the Bab al-Mandab Strait, disrupting global trade. Fresh missile attacks towards Israel signal a renewed escalation. While their direct military impact remains limited, their ability to threaten key maritime corridors poses a significant global risk. With the Strait of Hormuz also under pressure, disruptions across both routes could impact energy supplies, trade flows, and inflation worldwide, intensifying fears of a broader economic fallout.