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Houthi militants launched ballistic missiles at Israel on Saturday morning, marking their entry into the month-long Iran war that has already caused chaos in energy markets and killed thousands of people.
Some 3,500 sailors and Marines arrived in the region on an amphibious assault ship, according to the US military. Israel continued bombing Iran overnight and on Saturday, while Tehran stepped up strikes across the region and wounded more than a dozen American personnel in an attack on a Saudi base, according to multiple media reports.
The Yemen-based Houthis, who are supported by Iran, said they would continue operations until US-Israeli attacks on the Islamic Republic and its proxy militant groups, including Hezbollah in Lebanon, cease.
Israel’s military said it identified the launch of a missile from Yemen toward its territory, but did not immediately say if the projectile was intercepted.
The move by the Houthis — announced via a statement on Telegram — opens a new front in the war and raises fresh risks for the oil market. The group hasn’t launched strikes on Israel since a ceasefire in the country’s war against Hamas in Gaza began in October.
While the Houthis didn’t say they would target tankers or other vessels transiting the southern Red Sea and the Bab El-Mandeb Strait, they have the capability to do so. The group effectively shut the waterway to most Western shippers after the war in Gaza began in 2023, forcing vessels to reroute and disrupting a key shipping corridor.
The Saudi Arabian port of Yanbu, which the kingdom is using to bypass the closed Strait of Hormuz for its oil exports, is well within the range of Houthi missiles.
For now, the Houthis are likely to avoid targeting Saudi oil sites, New York-based political consultancy Eurasia Group said in a note to clients. The Islamist militants agreed a truce with Saudi Arabia in 2022, which has largely held and involved the Saudi government making some payments to areas under Houthi control.
While the Houthis “need to be seen as participating in the war effort, they remain inclined towards minimizing the downsides of further entanglement in the war and keeping their tacit understanding with Saudi alive,” Eurasia analysts including Firas Maksad said on Saturday. “The Houthis may still target Saudi oil exports under pressure from Iran in case of escalation.”
Iran launched what it said were retaliatory strikes on Gulf Arab states and Israel after US-Israeli attacks on its atomic facilities and steel plants on Friday.
The United Arab Emirates on Saturday reported fires at its Kezad industrial site in the emirate of Abu Dhabi. Those followed ballistic missile interceptions that wounded at least six people.
Emirates Global Aluminum, the Middle East’s largest producer, said its Al Taweelah site at Kezad was damaged significantly by Iranian drone and missile attacks.
A strike on Prince Sultan Air Base in Saudi Arabia on Friday left at least 15 US troops wounded, including five seriously, and damaged several refueling aircraft, the Associated Press reported. One of the damaged airplanes was an E-3 Sentry, which is equipped with airborne warning and control system radar to help track drones and missiles, according to the Wall Street Journal.
Iran fired six ballistic missiles and almost 30 drones at the base, the reported, citing unnamed officials. The US military hasn’t commented yet publicly. The also said more than two dozen US troops have been wounded in Iranian attacks on the same base — about 60 miles southeast of Riyadh — in the past week.
Kuwait said its airport came under several drone attacks on Saturday, with a radar system sustaining major damage. In Oman, Salalah port was targeted by multiple drones, halting operations and injuring one person.
One person was killed in an Iranian strike on Tel Aviv, according to Israel’s emergency services. The Israeli military also said nine soldiers were injured, at least one of them severely, in southern Lebanon on Friday.
The US military said in a social media post on Saturday that it had struck more than 11,000 targets and destroyed more than 150 Iranian vessels since the conflict began.
The escalation is adding to fears the conflict will drag on. There’s still little sign that Iran and the US will meet for peace talks soon, even though President Donald Trump has pushed for negotiations this week. He delayed his deadline to April 6 for Tehran to agree to reopen the vital Strait of Hormuz or have its power plants demolished.
Iran rejected a 15-point proposal from Trump, which essentially offered Tehran sanctions relief in return for it dismantling nuclear facilities and reducing its missile arsenal, as well as reopening Hormuz. The waterway — through which a fifth of the world’s oil and liquefied natural gas supplies normally flow — has been all but closed since the US and Israel started the war on Feb. 28 with strikes on Iran.
Iran, for its part, is insisting on war reparations, recognition of some form of control over Hormuz and pledges that the US and Israel won’t attack it in future.
The foreign ministers of Pakistan, Saudi Arabia, Turkey and Egypt are set to meet in Islamabad on March 29-30 to discuss efforts to deescalate the conflict. Pakistani Prime Minister Shehbaz Sharif spoke to Iranian President Masoud Pezeshkian for more than an hour on Saturday as part of those mediation efforts.
Pakistan has emerged as a key mediator and has offered itself as a venue for any US-Iran talks.
Pakistani Foreign Minister Ishaq Dar said in a post on X that Iran had agreed to allow 20 Pakistani-flagged ships to pass through the Strait of Hormuz and will allow two a day going forward. “It is a harbinger of peace,” he said.
Oil Rises
Oil continued to rise in the past few days, with traders’ optimism about a ceasefire in the near-term fading. Brent crude closed on Friday above $112 a barrel, extending the international benchmark’s advance since the start of the conflict to more than 55%.
The conflict has caused fuel shortages and led to fears of lower growth and faster inflation, or stagflation, across the global economy.
The war has left over 4,500 people dead, according to governments and non-governmental agencies. Around three-quarters of fatalities have been in Iran, while almost 1,100 people have died in Lebanon, where more than a million people have been displaced. Dozens of people have been killed in Israel and Arab Gulf states.
Friday’s airstrikes by the US-Israeli alliance targeted a heavy water research reactor that’s part of Iran’s Arak nuclear complex, as well as a yellowcake production plant in Yazd province. Two of Iran’s biggest steelmakers were also hit.
Fars reported explosions across several districts of Tehran early Saturday, including strikes near Mehrabad Airport west of the capital. It’s the main hub for domestic flights.
For all that Trump says Iran should negotiate peace, he is also saying the US can continue with strikes on the Islamic Republic. On Friday, he said more than 3,500 targets remained in Iran and “that’ll be done pretty quickly.”
“They are talking now, they want to make a deal,” Trump told reporters in Miami. “Iran is being decimated.”
US Secretary of State Marco Rubio told his Group of Seven counterparts on Friday that the war would take more weeks, but not months, according to a person familiar with the matter.
Trump’s extended deadline to April 6 allows more time for the US to amass troops in the region, with speculation growing of a land deployment.
Yet his administration is signaling to allies that it has no immediate plans for a ground invasion of Iran, according to people familiar with the matter, who asked not to be identified discussing private deliberations.
With assistance from Galit Altstein and Alex Newman.
©2026 Bloomberg L.P.
This article was generated from an automated news agency feed without modifications to text.

Facts Only

Houthi militants launched ballistic missiles at Israel on Saturday morning.
The US military deployed 3,500 sailors and Marines to the region on an amphibious assault ship.
Israel continued bombing Iran overnight and on Saturday.
Iran conducted strikes across the region, wounding over a dozen American personnel at a Saudi base.
The Houthis stated they would continue operations until US-Israeli attacks on Iran and its proxy groups cease.
Israel’s military identified a missile launch from Yemen toward its territory.
The Houthis have the capability to target tankers and vessels transiting the southern Red Sea and the Bab El-Mandeb Strait.
The Saudi Arabian port of Yanbu is within range of Houthi missiles.
Iran launched retaliatory strikes on Gulf Arab states and Israel after US-Israeli attacks on its atomic facilities and steel plants.
The UAE reported fires at its Kezad industrial site in Abu Dhabi, with at least six people wounded.
Emirates Global Aluminum confirmed significant damage to its Al Taweelah site from Iranian drone and missile attacks.
A strike on Prince Sultan Air Base in Saudi Arabia wounded at least 15 US troops and damaged refueling aircraft.
Iran fired six ballistic missiles and almost 30 drones at the base.
Kuwait’s airport sustained major damage from drone attacks, and Oman’s Salalah port was targeted, halting operations.
One person was killed in an Iranian strike on Tel Aviv, and nine Israeli soldiers were injured in southern Lebanon.
The US military reported striking over 11,000 targets and destroying more than 150 Iranian vessels since the conflict began.
Oil prices surged, with Brent crude closing above $112 a barrel.
Over 4,500 people have died in the conflict, with most casualties in Iran and Lebanon.
US-Israeli airstrikes targeted Iran’s Arak nuclear complex and a yellowcake production plant in Yazd province.
Explosions were reported across several districts of Tehran, including near Mehrabad Airport.
US President Donald Trump extended a deadline for Iran to reopen the Strait of Hormuz to April 6.
Pakistan is mediating talks and offered to host US-Iran negotiations.
Iran rejected a US proposal for sanctions relief in exchange for dismantling nuclear facilities and reducing its missile arsenal.

Executive Summary

The conflict between Iran and a US-Israeli alliance has escalated significantly, with Houthi militants in Yemen launching ballistic missiles at Israel, marking a new front in the month-long war. The Houthis, backed by Iran, stated they would continue operations until US-Israeli attacks on Iran and its proxy groups cease. Meanwhile, Iran conducted retaliatory strikes across the region, including on Gulf Arab states and Israel, following US-Israeli attacks on its nuclear and industrial facilities. The US military reported striking over 11,000 targets in Iran and destroying more than 150 Iranian vessels since the conflict began. The war has disrupted global energy markets, with oil prices surging over 55% since the start of hostilities, and has caused widespread casualties, with over 4,500 deaths reported, primarily in Iran and Lebanon. Diplomatic efforts are underway, with Pakistan mediating talks and offering to host US-Iran negotiations, though no immediate breakthrough is expected. The conflict has also led to infrastructure damage, including attacks on Saudi Arabia’s Prince Sultan Air Base, the UAE’s Kezad industrial site, and Kuwait’s airport, further destabilizing the region.
The situation remains volatile, with both sides signaling continued military action. The US has extended a deadline for Iran to reopen the Strait of Hormuz, a critical oil shipping route, while Iran demands war reparations and guarantees against future attacks. The economic and humanitarian toll is mounting, with fuel shortages and fears of stagflation affecting global markets. The international community is watching closely as regional powers and mediators attempt to de-escalate the crisis.

Full Take

The strongest version of this narrative presents a rapidly escalating regional conflict with clear geopolitical stakes. The involvement of the Houthis, backed by Iran, expands the war’s scope, while Iran’s retaliatory strikes and the US-Israeli alliance’s continued airstrikes underscore the high-risk nature of the confrontation. The economic and humanitarian consequences are stark, with oil prices surging and thousands of casualties reported. Diplomatic efforts, particularly Pakistan’s mediation, offer a glimmer of hope, though the deepening military engagement suggests a prolonged crisis.
Pattern scan reveals elements of emotional exploitation (ARC-0043) in the framing of casualties and economic disruption, which could amplify fear and urgency. The narrative also leans into authority games (ARC-0024), citing unnamed officials and military statements to bolster credibility. The forced binary of war or negotiation (ARC-0012) is present, with Trump’s ultimatum to Iran framing the conflict as a choice between compliance or destruction. The absence of deeper historical context—such as the long-standing tensions between Iran and the US-Israel alliance—risks oversimplifying the conflict’s roots.
Root cause analysis points to a paradigm of power projection and proxy warfare, where regional actors leverage alliances to advance strategic interests. The unstated assumption is that military pressure will force Iran to capitulate, though history suggests such tactics often prolong conflicts. The pattern echoes Cold War-era proxy battles, where smaller states become battlegrounds for larger powers.
Implications for human agency are dire: civilians bear the brunt of the violence, while global markets face instability. The second-order consequences include potential food shortages, mass displacement, and further erosion of trust in diplomatic solutions. Who benefits? Arms manufacturers, energy traders, and political hardliners on all sides. Who pays? Ordinary citizens in the region and consumers worldwide facing higher prices.
Bridge questions: What alternative diplomatic frameworks could break the cycle of retaliation? How might regional powers like Turkey or Saudi Arabia shift the balance? What would it take for the US and Iran to engage in meaningful negotiations without preconditions?
Counterstrike scan: A coordinated influence campaign would amplify the fear of escalation, frame the conflict as inevitable, and demonize one side while sanitizing the other. The actual content aligns partially with this pattern—emphasizing casualties and economic disruption—but also includes diplomatic efforts and multiple perspectives, reducing the likelihood of a pure propaganda play. The inclusion of Pakistan’s mediation and Iran’s rejection of US terms adds nuance, suggesting a more balanced, if still alarming, narrative.
Patterns detected: ARC-0043 Emotional Exploitation, ARC-0024 Authority Games, ARC-0012 False Binary