"Escalating Houthi Attacks in Red Sea Drive Up Global Shipping Costs"
TL;DR Summary
Shipping costs have nearly doubled as vessels face delays and diversions due to Houthi attacks in the Red Sea, impacting 30% of shipping capacity and causing wider global supply chain implications. U.S. and U.K. naval forces intercepted 21 drones and missiles in the largest Houthi attack yet, prompting a coalition-led patrol and warnings of consequences from Secretary of State Antony Blinken. The U.N. Security Council is set to vote on a resolution demanding an immediate halt to Houthi attacks.
Topics:world#global-supply-chain#houthi-attacks#international-trade#red-sea#shipping-costs#un-security-council
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