Houthis Ban Israeli Ships in Red Sea

Yemen's Iran-backed Houthi rebels have declared a 'total ban' on Israeli ships in the Red Sea, warning that any Israeli-linked vessel movement would be considered a military target.

This raises the specter of renewed major disruption on the key trade route.

The move could mean more pain for oil markets, as the Red Sea is a crucial waterway for global trade.

Israel has already intercepted an aerial target from Yemen over the Eilat region, indicating escalating tensions.

This development further complicates the fragile geopolitical landscape in the Middle East.