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Attacks against shipping in the Red Sea by Houthis are devastating for global trade and supply chains, already reeling under the impacts of the war in Ukraine
London: Freight travelling through the Suez Canal has almost halved since Yemen's Houthi rebels began attacking cargo ships in the Red Sea, Sky News
WASHINGTON (AP) — Car factories have idled in Belgium and Germany. Spring fashion lines are delayed at a popular British department store. A Maryland company
The U.N.'s trade body sounded an alarm over attacks in the Red Sea, war in Ukraine, and low water in the Panama Canal.
The Iranian-backed militant group, the Houthi rebels are claiming to have fired at a United States warship in the Gulf of Aden. A spokesperson for the Yemen-based group said that this incident was in response to the U.S. attacks and recent "aggression" in the region.