Attacks by Yemen's Huthi rebels on commercial ships in the Red Sea have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates and longer alternative trade routes. The Huthis have carried out
British maritime security firm Ambrey said that a container ship targeted by Yemen's Houthis on Tuesday was Liberia-flagged and headed for Somalia. The Iran-aligned Houthi militia said it had targeted an Israeli cargo ship, the
The European Union launched on Monday a naval mission to the Red Sea "to restore and safeguard freedom of navigation" there. The "defensive maritime security operation", dubbed Eunavfor Aspides, comes after Iranian-aligned Houthi militants started
