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Houthi rebels, backed by Iran, launched missiles at Israeli military sites, marking their first attack since the Middle East war began. The strike has raised concerns about potential disruptions to key shipping lanes, particularly the Red Sea route, which handles a quarter of global container trade and oil supplies to Europe. The Houthis have threatened to block U.S. and Israeli vessels using the route, and their past actions have caused significant disruptions. Analysts warn that any blockade could hammer energy markets, spike prices, and threaten liquefied natural gas supplies for Europe. The situation is escalating, adding pressure to the global economy as Irans proxies flex their muscle.
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Canada News Today | 2 Min News | The Daily News Now!

Canada News Today | 2 Min News | The Daily News Now!

Canada News Today | 2 Min News | The Daily News Now!