Iran-backed Houthis launch attacks on Israel, banning Israeli shipping in Red sea
Iran-backed Houthis confirm that have launched attacks on Israel as group and 'bans' Israeli shipping in Red Sea. Meanwhile, the Israeli military has said that the new barrage of missiles is incoming from Iran, leading to fears of a resumption of an all-out war in the Middle East.
Earlier in the day, the Israeli military also confirmed attacks from Yemen and Iran, adding that its aerial defense system intercepted them.
Market reaction
No immediate reaction by the US Dollar following headlines from Yemen-based Houthis. However, the US Dollar Index (DXY) trades close to its two-month high at around 100.10.
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