How Houthi attacks in Red Sea crimp global trade ctvnews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ctvnews.ca Daily Mail and Mail on Sunday newspapers.
LONDON (AP) — The attacks on commercial ships in the Red Sea by Yemen’s Iran-backed Houthi rebels have rerouted trade that normally flows through the crucial corridor for consumer goods
Many shipping companies are avoiding the Red Sea and the Suez Canal, rerouting their vessels around the Cape of Good Hope. The detour creates delays and extra costs, with disrupted supply chains affecting global trade.