Houthi ballistic missiles struck Israel, escalating the Iran-backed conflict into a broader regional war. Iran vowed retaliation for alleged attacks on its nuclear facilities, directly involving Yemen-based Houthis in the monthlong conflict. Energy markets reacted immediately, with oil prices spiking amid fears of supply disruptions. The Houthis' entry marks a significant expansion of the war, potentially impacting global energy security. Thousands of people have already died in the conflict, underscoring its human cost. Market chaos persists as investors react to the heightened geopolitical risk. Iran's support for the Houthis signals deeper involvement in the conflict. Global energy markets face renewed volatility as the war spreads. The conflict's expansion threatens critical shipping lanes in the Red Sea, a key concern for energy importers. Market analysts warn this could prolong global energy instability. The Houthis' actions demonstrate Iran's proxy strategy in the region. The war's human toll continues to rise, with thousands killed so far. Market implications remain uncertain but could worsen if the conflict expands further. Energy security concerns dominate investor sentiment.