How Houthi rebels are threatening global trade nexus on Red Sea
US is marshaling an international fleet as fears grow of Yemeni fighters’ impact on world economy.
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US is marshaling an international fleet as fears grow of Yemeni fighters’ impact on world economy.
(CNN) — Yemen’s Iran-backed Houthi rebels are stepping up their strikes on ships in the Red Sea, which they say are revenge against Israel for its military campaign in Gaza.
But alternative routes are a boon for shipping firms | Business
STOCKHOLM : Global shipping rates rose sharply and companies scrambled to avoid disruption to shipments after attacks on vessels in the Red Sea on Tuesday stymied traffic through the key Suez Canal trade artery.Recent attacks by Iran-aligned Yemeni Houthi militant group on vessels forced leading shipping
Insurance costs soar for vessels going through the Red Sea as experts call the attacks a ‘significant impediment’ to international commerce