In a month marked by ongoing strikes on Houthi targets in Yemen by the United States and sporadically the United Kingdom, a strategic confrontation unfolds in the Red Sea.
Reports indicate a troubling escalation in Houthi attacks on vessels in the Red Sea, with sources revealing the active participation of commanders from Iran's Islamic Revolutionary Guards Corps..
In the past two months, the waters around Yemen have witnessed an escalation in Houthi militant attacks on merchant shipping near the Bab el Mandeb strait, connecting the Red Sea to the Gulf of Aden.
The Houthi missile attacks in the Red Sea are causing a significant impact on maritime commerce, extending beyond liner shipping to wet bulk, dry bulk, car carriers, and LNG trades.
In the turbulent aftermath of a relentless US bombing campaign targeting Iranian proxies, striking over 85 locations in response to a fatal drone attack in Jordan, the specter of a regional..
In response to the recent NATO military operations in Yemen, Dryad Global advises all clients to suspend their operations in the Red Sea region for the ensuing 72 hours.
As reported by Reuters, the cost of shipping goods through the Red Sea is increasing due to the escalating attacks by Yemen's Houthis on ships they believe are connected to Israel.