Escalating Houthi Attacks and Red Sea Crisis Disrupt Global Trade and Threaten US Troops

TL;DR Summary
Attacks by Houthi militants in Yemen have forced most container ships and oil tankers to reroute around southern Africa instead of using the Suez Canal, causing significant disruptions to global trade. As many as 12 out of every 14 container ships are heading south, adding up to a month to their journey and delaying the delivery of goods. The attacks, in response to Israel's war with Hamas, have targeted passing ships in the Red Sea, leading major shipping lines to avoid the area. The situation threatens to upend international commerce already strained by rising inflation, the war in Ukraine, and the pandemic.
Topics:world#global-trade#houthi-attacks#international-trade#red-sea#suez-canal#supply-chain-disruptions
- Houthi attacks upend trade as ships are forced long way around Africa The Washington Post
- Container rates hit $10,000 as ocean freight inflation soars in Red Sea crisis CNBC
- More than 20 countries now part of US-led Red Sea coalition, Pentagon says Reuters
- U.S. Troops Warned of Imminent Attack Newsweek
- Yemen Houthi leader warns 'any American targeting of our country will be targeted by us' Fox News
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