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Geopolitics

Houthis Fire Missiles at Israel, Join Iran War

The Yemen rebels claimed a barrage of missiles at Israeli military sites. If they resume attacks on commercial shipping, oil prices will spike further and global trade through Suez could be disrupted.

5 min read
Red Sea shipping route map
About 12% of global trade passes through Bab el-Mandeb strait, which the Houthis have previously disrupted.
Editor
Mar 30, 2026 · 5 min read
By Marcus Webb · 2026-03-28

Yemen's Iran-backed Houthi rebels entered the monthlong Middle East war on Saturday, claiming a barrage of ballistic missiles at what they described as 'sensitive Israeli military sites' in southern Israel.

KEY TAKEAWAYS

01Houthis claimed missile barrage at Israeli military sites; Israel says intercepted
02First Houthi attack since monthlong Iran war began
03Previous Houthi campaign attacked 100+ merchant vessels, sank 2 ships
0412% of global trade passes through Bab el-Mandeb, 10% through Suez Canal
05Regional powers to meet Sunday; Iran skeptical of diplomacy

Israel said it intercepted the missiles. Sirens sounded around Beer Sheba and near Israel's main nuclear research centre. Lebanon-based Hezbollah militants also fired on Israel overnight.

Houthi Brigadier General Yahya Saree announced the attack on the rebels' Al-Masirah television station. Israeli rescue service Magen David Adom said 11 people were lightly wounded in a town near Jerusalem.

The Shipping Risk

If the Houthis increase attacks on commercial shipping, as they have in the past, it would further push up oil prices and destabilise 'all of maritime security,' said Ahmed Nagi, a senior Yemen analyst at the International Crisis Group.

The impact would not be limited to the energy market.

— Ahmed Nagi, International Crisis Group

Between November 2023 and January 2025, Houthis attacked over 100 merchant vessels with missiles and drones, sinking two ships. They said they were acting in solidarity with Palestinians in Gaza during the war between Israel and Hamas.

About 12% of world trade typically passes through the Bab el-Mandeb strait at the southern tip of the Arabian Peninsula. About 10% of global maritime trade, including 40% of container ship traffic, passes through the Suez Canal each year.

Alternative Routes Strained

Countries have scrambled for alternative routes since Iran closed the Strait of Hormuz. Saudi Arabia has been sending millions of barrels of crude oil daily through Bab el-Mandeb as a workaround. If the Houthis resume attacks on that route, the redundancy collapses.

The Houthis' involvement would also complicate deployment of the USS Gerald R. Ford, the aircraft carrier that arrived in Croatia on Saturday for repairs. Sending it to the Red Sea could draw attacks similar to those experienced by the USS Dwight D. Eisenhower in 2024 and the USS Harry S. Truman in 2025.

Diplomacy and Skepticism

Pakistan said regional powers plan to meet Sunday on how to end the war. Iran expressed skepticism about diplomatic efforts.

There could be limited relief after Iran agreed Friday to allow humanitarian aid and agricultural shipments through the Strait of Hormuz following a UN request. Israeli airstrikes continued Saturday, with AP footage showing smoke rising from northeastern Tehran. Iran fired missiles toward Israel in retaliation.

The Houthis have held Yemen's capital, Sanaa, since 2014. Their entry into the war adds another front to an already sprawling conflict, and their track record suggests they will target economic pressure points rather than purely military objectives. For a global economy already reeling from oil shocks, that is an ominous development.

TLDR

Yemen's Iran-backed Houthi rebels entered the monthlong Middle East war on Saturday, claiming a barrage of ballistic missiles at Israeli military sites. Israel said it intercepted the missiles. The Houthis' involvement threatens Red Sea shipping: between November 2023 and January 2025, they attacked over 100 merchant vessels, sinking two. About 12% of world trade passes through Bab el-Mandeb strait. Regional powers plan to meet Sunday on how to end the war, while Iran expressed skepticism about diplomatic efforts. The USS Gerald R. Ford has arrived in Croatia for repairs.

FREQUENTLY ASKED QUESTIONS

Did the Houthi missiles hit Israel?
Israel said it intercepted the missiles. 11 people were lightly wounded in a town near Jerusalem.
Why does this matter for shipping?
The Houthis previously attacked 100+ ships in the Red Sea. Renewed attacks would disrupt the Bab el-Mandeb strait (12% of global trade) and complicate Saudi Arabia's workaround for the closed Strait of Hormuz.
How much trade goes through these straits?
About 12% of world trade passes through Bab el-Mandeb, and 10% of global maritime trade including 40% of container traffic passes through the Suez Canal.
Are there peace talks?
Regional powers plan to meet Sunday. Iran has expressed skepticism about diplomatic efforts but agreed to allow humanitarian shipments through Hormuz.
What is the USS Gerald R. Ford doing?
The aircraft carrier arrived in Croatia for repairs. Deployment to the Red Sea would risk attacks similar to those on previous carriers.
Editor

Editor

The Bushletter editorial team. Independent business journalism covering markets, technology, policy, and culture.

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