Iran-backed Houthi rebels have issued a chilling warning to the U.S.-led West and Israel amid a raging war in Gaza. The Houthis told Israel that any move against Yemen will have dire consequences and heavy costs. The warning came as Houthis mounted attack on two Liberian-flagged ships in the Red Sea. Later, Egyptian air defence systems also shot down a flying object off the Yemen coast in Red Sea. Watch for more details.