Escalating Houthi Attacks Prompt Global Shipping Firms to Seek Alternative Routes

Mediterranean Shipping Company (MSC) and CMA CGM have joined Maersk and Hapag-Lloyd in suspending passage through the Red Sea strait due to attacks by Yemeni Houthi rebels. The rebels, who control much of Yemen, are targeting vessels near the Bab al-Mandab strait to pressure Israel over the Gaza conflict. This move raises concerns about trade disruption, as 40% of the world's international trade passes through the strait. The tensions have also led to military responses, with the US and UK shooting down drones launched from Houthi-controlled areas.