Earlier, the panel held its meeting on the issue on January 17 where the the commerce ministry asked the Department of Financial Services to monitor and maintain credit flow to exporters, who are facing freight cost troubles due to the Red Sea crisis.
The anti-ship cruise missiles in the Houthi-controlled areas of Yemen presented an imminent threat to US Navy ships and merchant vessels in the region and strikes were conducted on them in "self-defense", said the US Central Command.