Maritime expert weighs in on the economic ripple effects of Houthi attacks go.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from go.com Daily Mail and Mail on Sunday newspapers.
Experts have warned that the ongoing attacks on shipping vessels by the Iran-backed militant group the Houthis in the Red Sea will have ramifications on the economies of several countries around the world. The U.S. has designated the Houthis as a global terrorist organization amid rising regional tensions and consistent deployment of missiles and drones against each other since the war in Gaza broke out. Ian Ralby, the CEO of I.R. Consilium and who has followed maritime issues, spoke with ABC News' Linsey Davis Wednesday about the situation as the U.S. and Western allies strike back against the group.
Horn of Africa. Ethiopia signed a memorandum of understanding with the de facto independent Somaliland Republic, a breakaway region of Somalia, to lease a naval port that will give it Red Sea access in exchange for formally recognizing Somaliland. The