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How are Houthi attacks on ships in the Red Sea affecting global trade?
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How are Houthi attacks on ships in the Red Sea affecting global trade? - The Daily Reporter
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Houthi rebels intensified attacks on Red Sea vessels amid Israel-Hamas conflict, prompting concerns over global trade disruption. Targeting Israeli-linked ships, attacks expanded with a strike on a Norwegian-flagged oil tanker and missiles fired at a vessel near the Suez Canal. The Houthis actions threaten a vital trade artery. The European Union condemned the assaults as breaches of international law, warning of navigational threats. While the attacks have raised insurance costs and disrupted shipping, significant closure of Red Sea routes seems improbable due to international naval patrols and the vital trade dependence on this route.
Shipping Costs in Red Sea Rising after Yemeni Navy Attacks - Islamic Invitation Turkey
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