Only the Houthis, once dismissed as a barely relevant sideshow, remain fully engaged, with high capacities, and determined to continue the fight.

1. They are the only Iran-aligned force not to have suffered serious setbacks since launching their campaign.
2. They are also the sole member of the pro-Iran axis to have directed its attacks not at Israel alone but also at Western targets.
3. Since the ending of the Gaza ceasefire on March 18, the organization has launched around 20 ballistic missiles at Israel.

But the Houthis’ targeting of Israel is largely symbolic in nature.

The more substantive part of their effort, since it commenced in November 2023, has been directed not at Israeli targets but, rather, at international shipping along the Red Sea / Gulf of Aden route to the Suez Canal.

Fifteen percent of global seaborne trade prior to the war passed through this route. The Houthis’ attacks have now virtually shut it down.

It has been a year since a US-flagged ship has passed through the Suez Canal.