Yemen's Houthis declared a ban on Israeli shipping in the Red Sea and claimed a missile strike on Israel, with the Bab el-Mandeb and Hormuz blockades now simultaneously threatening roughly a third of the world's seaborne oil and gas.

Israel and Iran resumed strikes on Sunday

Houthis vow to block Israeli ships in the Red Sea. Bab el-Mandeb Strait effectively closed by June 30 at 15.4% YES.

Yemen's Iran-backed Houthi rebels announced a missile attack on Israel on Monday and declared a ban on Israeli shipping in the Red Sea, raising the spectre of a return to major…