A missile strike by Yemen’s Iran-backed Houthi rebels on Israel has triggered fresh fears of a wider West Asia escalation. While the Houthis claim to have targeted Israeli military sites, the bigger concern lies at sea. With the Red Sea and Bab el-Mandeb Strait at risk-and the Strait of Hormuz already under pressure-global shipping routes face potential disruption. A dual choke-point crisis could tighten oil and gas supplies, drive up freight costs, and shake global markets.