The ongoing joint US-UK airstrike campaign targeting Houthi forces in Yemen marks a significant escalation in the region following the spill over of the Israel-Hamas conflict into neighbouring countries. The Houthis form part of Tehran’s so-called “Axis of Resistance.” Washington and London’s military action was a response to Yemeni Houthis’ aggressive stance towards Red Sea shipping, which had heightened tensions and threatened global shipping routes. At least 20% of international shipping routes go through the Red Sea, with Egypt now haemorrhaging money over its lack of income from the Suez …