Could the Houthis shift the balance in the escalating Iran–Israel standoff? As Middle East tensions surge, Yemen’s Houthi movement has showcased air defense systems, missile capabilities, and anti-ship weapons amid growing fears of a wider regional conflict. Israel has declared nationwide alert status, placing hospitals and military units on emergency readiness while warning adversaries not to test its resolve. With Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz signaling a hardened stance, and U.S.–Iran nuclear talks hanging in the balance, experts warn that any miscalculation could ignite a second phase of direct confrontation. From Burkan-2 and Toofan missiles to maritime security threats in the Red Sea and beyond, this report breaks down the strategic implications of proxy involvement, deterrence posturing, and the risk of multi-front war.