Escalating Middle East tensions as Iran-backed Houthis launch first missile from Yemen since conflict began. The group claimed responsibility for Saturday's strike against Israel, following Friday's warning that it would join the war if aggression against Iran continued. This marks a significant expansion of the regional conflict, now one month into the US-Israeli strikes that began February 28. The Houthis' involvement adds another pro-Iran actor to the fighting, alongside already-engaged forces in Lebanon and Iraq. Beyond military implications, Houthi participation threatens critical Red Sea shipping lanes, potentially disrupting global trade routes. Markets remain sensitive to Middle East escalation risks, particularly regarding energy prices and supply chain stability.
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