Why the Red Sea could be the next choke point for the global economy

“It is too soon to call whether they will ultimately join Iran’s retaliation or not,” said Burcu Ozcelik, a senior research fellow at the Royal United Services Institute, a London-based think tank...That the Houthis have not yet done so likely hints at “the pace and sequencing of Iran’s retaliatory response,” according to Ozcelik at RUSI. Tehran “may judge that the Houthi card is better held in reserve for later.” The pause also speaks to the “internal factionalism” within the movement, Ozcelik added, with hard-liners “spoiling for a fight” while others argue that “tightening control over Yemeni territory should take priority.”