8 April 2026

The Houthi Threat: Is Trump Underestimating One of Iran’s Key Remaining Cards?

Will Todman

On April 1, President Trump announced that the United States’ strategic objectives in the war with Iran were “nearing completion.” He threatened to send Iran “back to the stone ages” if it did not make a deal within three weeks, and said “we have all the cards, they have none.”

Yet, Iran does have other cards to play. A few days before President Trump’s address, the Houthis entered the fray in the Middle East. After months of signaling their readiness to escalate, they launched missiles toward Israel. Iranian officials had warned that their Yemeni proxies would be activated if the United States and Israel escalated further or if Arab Gulf states entered the war. But despite these threats and the Houthis’ past willingness to target international shipping, they have not attacked maritime traffic through Bab al-Mandab so far this year.

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