How—and Why—Yemen’s Houthi Rebels Are Poised to Seriously Disrupt the Global Economy ...Middle East

After two months, the crisis in the Middle East is poised to seriously disrupt the global economy as well as regional stability—thanks to the Houthis, a rebel Shi’a group in Yemen, and their successful effort to disrupt shipping through the Red Sea. [time-brightcove not-tgx=”true”] While attacks by the Houthis on commercial shipping began on November 19, they escalated last week, with the Yemeni rebels firing anti-ship ballistic missiles at several passing ships and hitting one (the first time such a weapon has ever been used successfully). As none of the ships were bound for Israel or owned by Israeli companies, the attacks signaled the Houthis were stepping up their efforts to

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