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Yemen’s Iran-backed Houthis on Monday threatened to impose a maritime blockade on Saudi Arabia amid the U.S. Iran war. The group cited “an unjust and oppressive siege” imposed on Yemen by the Saudis as the reason for the blockade.
Houthis Warn Shipping Companies
The group has gone a step ahead and sent an email to shipping companies, warning them not to load or discharge cargo at Saudi Arabian ports, according to a report by Reuters.
“We strongly recommend that your company exercise due diligence and the utmost care in all its dealings," the email read, according to the report.
The email added that vessels violating the blockade may be subject to "targeting" within the "operational reach of the Yemeni Armed Forces.”
Here’s What Prediction Market Is Saying
Polymarket, a Polygon (CRYPTO: POL) based prediction platform that allows users to wager on an outcome using the USDC (CRYPTO: USDC) stablecoin, is currently betting on a contract "Houthis successfully target shipping by…?"
Over $374,000 has been bet on the contract so far.
Bettors have placed a 36% probability that Houthis will successfully target shipping by July 31 and the odds increase to 53% for August 15. The odds are highest for August 31 at 57%.
Pete Hegseth Wants Billions
Pete Hegseth, the Defense Secretary, has requested nearly $70 billion in supplemental war funding, with the Pentagon raising its official estimate for the cost of the U.S.-Israel war against Iran to $37.5 billion.
Calling the funding request essential, Hegseth told senators, "Without these funds, we face critical shortfalls."
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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This article Will Houthis Target Shipping? Prediction Market Weighs the Odds originally appeared on Benzinga.com.
