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Story summary
- Iran threatens Red Sea as retaliation after U.S. and Israeli assaults, spurred by the presence of the USS Gerald R. Ford.
- The Houthis, Iran's proxy militia in Yemen, have not attacked yet despite their leader's aggressive rhetoric.
- Disruptions in the Strait of Hormuz have already caused chaos in global shipping and oil markets, according to experts who warn that escalation in the Red Sea could destabilize international trade.
