Global Shipping Operations Disrupted as Yemen's Houthi Rebels Threaten Red Sea

Several major shipping companies, including the Mediterranean Shipping Company (MSC), Maersk, Hapag-Lloyd, and CMA CGM, have suspended operations in the Red Sea due to escalating attacks by Yemen's Houthi rebels. The rebels have targeted foreign-owned vessels with drones and missiles, raising concerns about disruptions to global supply chains. Western governments, including the US and UK, have taken action to counter the attacks, with warships intercepting Houthi drones and missiles. The ongoing attacks have led to increased insurance costs for ships passing through the Red Sea, potentially causing delays in the shipment of oil, grain, and consumer goods.