BREAKING: Yemeni Houthis have joined the war on Iran’s side. They fired a missile at Israel for the first time since the war began on Feb. 28, the IDF confirmed. The Houthis have previously threatened to close the Bab al-Mandab Strait, a key chokepoint for over 6 million barrels of oil per day. A combined closure of Bab al-Mandab and the Strait of Hormuz could disrupt ~25M bpd (~25% of global oil supply).(Crypto India)