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Houthis Escalate Attacks in Red Sea, Threaten Global Trade

The Iran-backed Houthi rebels in Yemen have intensified their campaign against commercial shipping in the Red Sea, raising concerns over global trade and security.

  • Houthi rebels, backed by Iran, have launched numerous attacks on commercial vessels in the Red Sea, disrupting global trade routes.
  • The United States and United Kingdom have conducted airstrikes against Houthi positions in response to the attacks.
  • The European Union is planning a military mission, Operation Aspides, to protect cargo ships from Houthi attacks.
  • Insurance rates for voyages through the Red Sea have surged due to the increased risk of Houthi attacks.
  • The conflict has led to a significant increase in shipping costs and delays, affecting global supply chains and consumer prices.
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