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00:00This seems to be right now a very hot, possibly even the major front of this multi-front war.
00:07If we go back to the beginning of this war, late 2023, missiles launched from this Iranian-backed
00:18Houthi organization in Yemen were a pretty rare phenomenon and caused quite a lot of uproar.
00:25And they were mostly aimed at that time towards the southern city of Eilat in Israel. It was
00:31considered an odd phenomenon. It happened maybe once every few months. But jump a year ahead,
00:38proxies in this region have been defanged during the course of this war by Israel. Hamas has very
00:45little military ability right now. Hezbollah, the same. Both of their leaderships have been
00:51basically decimated. And what Iran has left is these Houthi brigades that have taken over
00:58two-thirds of Yemen and are now attacking Israel daily with massive, massive missiles that reach
01:06all of the country. And that's the reason Israelis have begun getting used to waking up or stopping
01:13their activities midday when they get air raid sirens in advance of these missiles. Israel,
01:19it appears, considers this a major front in the war and is responding in kind.
01:26And I think it's important to say that this is—you know, Iran for many years has attempted
01:32to find a way to have a kind of regional hegemony here. And maybe the worst blow for Iran recently
01:40has been the fall of Syria's leader, Bashar al-Assad, which really took away Iran's ability
01:46to control this part of the Middle East. And so what we're seeing now is Iran really in a
01:52major show of force and Israel responding in an also major show of force. So it's an Israel-Iran
02:00war, and it's going to affect global shipping routes and possibly even global or at least
02:07partially airline traffic over the Red Sea.