Yemen’s Houthis Launch Missile Attack on Israel
March 28th, 2026Even though Iran has mostly closed the Strait of Hormuz to shipping, Saudi Arabia is still able to export 7 million barrels of oil per day through their Red Sea port at Yanbu.
If the Houthis shut down shipping through the Bab el-Mandeb Strait, tankers would have to go through the Suez Canal and then all the way around Africa to reach destinations in Asia. This would add even more costs to already expensive oil.
Via: Al Jazeera:
Yemen’s Houthi rebels have attacked Israel with a barrage of ballistic missiles – their first such strikes since the United States-Israeli war on Iran began.
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The Israeli military said it intercepted one missile.
The attack came hours after Saree signalled in a vague statement on Friday that the rebels would join the war that has rattled the Middle East and shocked the global economy.
Saree said on Saturday the rebels fired a barrage of ballistic missiles targeting what he described as “sensitive Israeli military sites” in southern Israel.
The Houthis don’t need to close the Red Sea. A threat will be sufficient for Lloyds (ship insurers) to refuse insurance and not ships will sail.