- Iran is signaling it could use its Houthi allies to shut the Bab el‑Mandeb strait, opening a second front beyond the Strait of Hormuz.
- Closing the Red Sea gateway would severely disrupt global shipping and could send oil prices soaring (some warn as high as $200 a barrel).
- Analysts say the conflict is widening through "mission creep," raising the stakes for Washington and Tehran and increasing chances of either escalation or renewed negotiations.
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