Shipping & Freight Issues

Despite the Operational Prosperity Guardian naval task force, Houthi attacks persist. Recent escalations involve an attack on a Maersk vessel, triggering heightened US response and UK considerations of targeting Houthi positions in Yemen. Iranian warship entry into the Red Sea and ongoing Houthi missile attacks further escalate regional tensions.

The Roots of the Red Sea Crisis

“The recent history of the Red Sea reads like a macabre thriller, from industrial-scale hostage-taking by pirates to tit-for-tat naval attacks between Israel and Iran in international waters to unchecked drug and arms smuggling,” Nicholas W. Stephenson Smith wrote in 2021, two and a half years before the current Red Sea