"Maersk Weighs Red Sea Navigation Risks Following Recent Militant Strikes"

Maersk, a leading shipping company, has suspended all transits through the Red Sea and Gulf of Aden indefinitely after a Houthi militant attack targeted one of its vessels. The attack prompted a response from U.S. Navy helicopters, resulting in the sinking of three militant boats. This halt in shipping may affect global trade and oil prices, as the Red Sea is a vital route for 12% of global trade and 3 million barrels of crude oil daily. Maersk is rerouting ships and assessing the situation while an investigation into the incident continues.