Global trade woes mount as shipping costs rise
The significance of the Red Sea shipping route for global trade is enormous. But for over six months now, Houthi militias from Yemen have been attacking ships in the region for their owners' or operators' ties to Israel. The attacks come as Israel executes its war against the militant group Hamas in Gaza following its massacre of Israeli citizens on October 7 of last year.
On June 20, for instance, the Houthis, who say they are fighting for the Palestinian cause, sank a coal ship with a drone st...
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