How Houthi Attacks In The Red Sea Impact Shipping In The Suez Canal

21st December 2023

Attacks launched by Yemen's Houthi group on commercial ships at the southern end of the Red Sea have prompted several shipping companies to divert vessels, avoiding a route that would take them through Egypt's Suez Canal in the north and its link to the Mediterranean Sea.

The Iran-aligned group says the aim of the attacks is to support the Palestinians as Israel and Hamas wage war.

The re-routing adds cost and time to vessel journeys. Oil prices and war risk insurance premiums have spiked as a result.

Read the full article from Reuters

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