Saudi forces, for their part, appear to be concentrating for a possible sea and land offensive in central Yemen aimed at reducing the restrictions on oil exports through the southern Red Sea. Already in early 2024, the US was unable to halt the Houthi Red Sea campaign. Moreover, attacks on American positions alongside the Red Sea crisis highlighted the Islamic Republic’s rising influence stretching from the Levant to one of the world’s most strategic maritime corridors. The consequences of that continue to shape events from the Levant to the Red Sea. Meanwhile, the global economy faces blockades in Hormuz and the specter of the Red Sea as a potential new Hormuz.