The Houthis have seized more territory near Bab el-Mandeb and declared ships linked to Israel legitimate targets, on top of the Hormuz disruption. The article says Red Sea shipping carries about 12-15% of global cargo and that continued disruption would delay supply chains and push prices up. For a Thai SME, plan for higher fuel, freight and imported-input costs, and for slower delivery of imported parts, fertiliser and raw materials. The article gives no specific baht or pump-price figures.