Houthis say "any attack on Yemeni infrastructure will be met with a reciprocal response"

Threats naming ports and coastal areas around the Bab el-Mandeb and the Yemeni coast bear on freight rates, war-risk insurance premia, and rerouting decisions around the Cape of Good Hope, which is the transmission route into crude tanker costs and, at the margin, energy prices. The distinction worth drawing is between threats aimed at Saudi territory, which in past episodes of this kind have preceded sporadic missile and drone attempts with limited durable market effect, and threats against commercial shipping, which is what has actually moved insurance and freight pricing. The Saudi angle is notable given the intermittent detente between Riyadh and the Houthis, since a breakdown there raises the tail risk of a return to strikes on regional energy infrastructure, the scenario that has historically produced the sharpest crude responses. Follow-ons are any change in coalition or US strike posture in Yemen, shipping advisories, and war-risk premium quotes rather than further statements. As rhetoric rather than action, the signal is directional only.