Several major companies have halted shipping through the Rea Sea and are already considering new routes while insurers could soon raise rates. This follows an increase in attacks by Houthi fighters from Yemen. The Red Sea route connects trade between Asia and Europe for consumer goods and commodities like oil and liquefied natural gas. The Houthi militants – who are backed by Iran – have attacked and seized several ships in the Red Sea since October, claiming that the vessels were 'linked' to Israel.
No comments:
Post a Comment