Red Sea Crisis: Houthi Attacks Threaten Global Trade

Background

The Red Sea crisis began on 19 October 2023, when the Iran-backed Houthi movement in Yemen launched attacks on shipping in the Red Sea. These attacks have included missile strikes on commercial vessels, including a US-flagged ship.

Causes

The Houthis claim that their attacks are in retaliation for Saudi Arabia's ongoing military intervention in Yemen. Saudi Arabia has been leading a coalition of Arab states in a war against the Houthis since 2015. The Houthis view Saudi Arabia as an aggressor and believe that they are justified in targeting its interests.

Impact

The Houthi attacks have had a significant impact on global trade. The Red Sea is a major shipping lane for oil, gas, and other goods. The attacks have caused shipping companies to reroute their vessels, which has increased the cost of transportation and disrupted supply chains.

Consequences for Yemen

The Houthi attacks have also had a negative impact on Yemen. The country is already facing a humanitarian crisis, and the attacks have only made things worse. The closure of the Red Sea has led to shortages of food, fuel, and other essential supplies. This has led to increased suffering for the Yemeni people.

Consequences for the Global Economy

The Houthi attacks have also had an impact on the global economy. The increased cost of transportation and the disruption of supply chains have led to higher prices for goods and services. This has had a negative impact on businesses and consumers around the world.

Conclusion

The Houthi attacks on the Red Sea are a serious threat to global trade and the global economy. They have also had a devastating impact on Yemen, which is already facing a humanitarian crisis. The international community must work together to find a solution to the crisis and prevent further escalation.