The Red Sea, a vital global shipping route, has been significantly disrupted by a series of Houthi missile and drone attacks, in response to Israel's actions in Gaza, leading to a coalition of over 20 countries, led by the United States, to safeguard commercial traffic. Shipping companies have rerouted around Africa, with about 180 container ships changing course to avoid the area, causing container rates to hit $10,000 and a surge in shipping costs. China's Containerized Freight Index (Europe Service) futures have seen a dramatic increase, with a 15% daily surge, a 56.2% weekly gain, and a 70% surge this month. The attacks have caused a 40% decline in vessel traffic through the Bab al-Mandab Strait, with 158 vessels carrying approximately $105 billion in ocean freight being diverted. The world's top 10 container shipping lines are refusing to pass through the Red Sea. An Equinor oil tanker, carrying a million barrels of U.S. crude, had to retreat due to the threats. The Houthi's attacks and the rerouting of ships are expected to reduce global shipping volumes by 20%, threatening to reignite inflationary pressures. An Iranian spy ship is reportedly assisting the Houthi attacks, and Iran is accused of being 'deeply involved' in the Red Sea ship attacks.
Another incident in the Red Sea. Yemen’s Houthis continue attack international ships. https://t.co/qfKPyZaJMs
🇮🇷🇮🇱Iran denies helping Houthis plan attacks on Israel-linked ships The repeated denial, issued by Iranian deputy foreign minister Ali Bagheri Kani, came after the White House said Tehran was "deeply involved" in planning the operations and its intelligence was critical to… https://t.co/RnAdGxB1mt https://t.co/POdLzmiIKn
Iran denies helping Houthis plan attacks on Israel-linked ships https://t.co/W6njjc6mkY
#Iran denied on Saturday #US accusations that it was involved in planning attacks by #Yemen's Tehran-aligned #Houthi movement on commercial vessels in the Red Sea, the semi-official Mehr news agency reported. https://t.co/85kLrLh7sv
Iran’s foreign minister denied his country is helping Yemen’s Houthi rebels attack commercial ships transiting the Red Sea https://t.co/mGawOHTjqS
Israeli-Linked Tanker Struck By Drone Off India, Signaling Attacks Set To Widen https://t.co/X9FPv5Dftw
🚨 The Indian Coast Guard released footage of the MV Chem Pluto following an Iranian drone attack. There were reportedly 20 Indian and 1 Vietnamese crew members on board. https://t.co/J8AG3NKfYQ
If Iran ‘deeply involved’ in Houthi Red Sea shipping attacks, Iran encouraging regional conflicts. https://t.co/DNLXX4Uvn9
Shipping firms impose extra fees as Red Sea attacks hit global trade https://t.co/HHc4noetss
British Maritime Organization: We are investigating the security incident that happened near the Bab al-Mandeb Strait.
🇺🇸🇮🇷IRAN CLAIMS U.S. ASKED FOR HELP WITH HOUTHIS “Americans asked us to ‘advise’ Yemen not to do anything against American and Israeli interests. We told them that we never ordered and never ordered them to stop their attacks.” Hossein Amir-Abdollahian - Iran Foreign Affairs… https://t.co/8mq31JBgZs
British Maritime Trade Operations Authority: We received a report about an incident in Bab al-Mandab, 45 nautical miles southwest of Salif.
BREAKING: ⚡The Houthis attacked another ship in the Red Sea UK reports another ship attack, this time 45 nautical miles southwest of Saleef, Yemen, close to Bab al-Mandab Strait. https://t.co/ZzkSv8KSN7
Iranian paramilitary operating spy ship in the Red Sea funneling targeting intel to Houthi in Yemen, @WSJ reports: https://t.co/X4aIopkFky A problem that screams for a solution in the form of a Mk-48 ADCAP torpedo.
#Iran’s deputy foreign minister dismisses #US accusations that Tehran is involved in attacks by #Yemen’s Iran-backed #Houthi militia on commercial ships, saying the Houthis are acting on their own. https://t.co/3SZFmkjvFd
🚨 HOUTHI ATTACK: BAB AL-MANDAB STRAIT, RED SEA UK reports another ship attack, this time 45 nautical miles southwest of Saleef, Yemen, close to Bab al-Mandab Strait. Dozens of major shipping companies have rerouted their ships away from the Red Sea, costing Egypt millions.… https://t.co/wldnJSIOVx https://t.co/TIjejjsSjo
"Incident" in the vicinity of the Bab el Mandeb, again. Off the coast of Yemen. https://t.co/0VLtbWRsX7
UK Reports New Ship Attack in Red Sea - Ship & Bunker https://t.co/tKFxdBTKmd #oott #redsea
Here we go again. Fresh UKMTO Warning following an incident near the Bab-el-Mandeb strait. https://t.co/bkbXxxl45C
The United Kingdom Maritime Trade Operations (UKMTO) agency says that it has received a report of an incident in the vicinity of the Bab al-Mandab Strait, 45 nautical miles southwest of Saleef, #Yemen. https://t.co/gGqJ0CUd6U https://t.co/0yWarl48E4
Today was an important day. A suicide drone launched from Iran struck the Israeli-linked tanker MV Chem Pluto 350 km off the Indian coast. The vessel is carrying crude oil from Saudi Arabia to India. 20 Indian sailors are on board. Iran is attacking Saudi and Indian interests https://t.co/DmfQzlxuS9
Oil tanker hit near Indian coast amid maritime hostilities against Israel by Houthis https://t.co/XFEDq6UXY3 . Click to read ⬇️
BREAKING NEWS RED SEA ATTACKS THREATEN TO CUT GLOBAL SHIPPING CAPACITY 20% 20%. Supply chains…
Israel-affiliated merchant vessel hit by aerial vehicle off India https://t.co/a4XoUBieVt
Live update: Iran denies US claims it is involved in Houthi ship attacks https://t.co/rbb4bbScHe . Click to read ⬇️
Earlier today, Liberian-flagged tanker MV CHEM PLUTO was attacked by an unknown drone. The vessel was less than 200 nm from the Indian coast at the time. https://t.co/O3Syd3CnKC
The Houthi's claimed responsibility for the bombing of a vessel off #India's coastline. The UKMTO says a UAS attack 200nm south west of #India's Veraval resulted in damage and a fire, which was extinguished.
Drone strikes Israel-linked ship carrying 20 Indians near Gujarat coast; Navy, Coast Guard rush for assistance https://t.co/4NTuvt2Q8F
The world’s most important container shipping firms have paused on sending ships through the Red Sea for fear of loss of life or damage, Bruce Jones writes. https://t.co/49EQhSi2bw
REPORT: IRAN ATTACKED ISRAELI TANKER IN ARABIAN SEA WITH DRONE
Drone strikes an oil tanker (last port of call S Arabia) 200 Nm SW of Veraval - India's West Coast, causing an explosion & fire. No casualties reported. This is very very serious. An attack by a UAS mid ocean is a cause for worry for all concerned. @nitingokhale @BharatShaktiBSI https://t.co/yAWOoEPxgt
Liberian-flagged ship linked to Israel targeted by drone off Indian coast https://t.co/JhOC6hPRGl https://t.co/8GDKAVjc5e
The Houthis' attacks on Israel are obviously revolting – what has any of us done to any of them – but their attacks on Red Sea shipping are not just brazen. They are mad. - opinion #Israel | #Houthis | #RedSea https://t.co/XEPbmZp5HB
A new international naval coalition will serve as "highway patrol" to protect shipping in the Red Sea from attacks by Iran-backed Houthi militants, the US said https://t.co/CwxbEkkKYx via @meyerhenry4
An Israel-affiliated merchant vessel in the Arabian Sea was struck by an unmanned aerial vehicle, causing a fire, British maritime security firm Ambrey said on Saturday. The fire on the Liberian-flagged chemical products tanker was extinguished without crew casualties in the… https://t.co/PM1e13G0u8
The United States has accused #Iran of close involvement in attacks on commercial ships by Yemen’s #Houthis, alleging Tehran has provided drones, missiles and tactical intelligence. #RedSea https://t.co/6GpAqajVtb
"Every time supply chains get disrupted, shipping rates go up. Who benefits from higher rates? Ship operators and owners.” Shipping companies stocks are soaring as the Houthis fire ballistic missiles and drones at vessels in the Red Sea. https://t.co/uJBk4Zligr
BREAKING: A suicide drone has struck a vessel 320 km south-west of the Indian city of Veraval. The attacks against international maritime trade aren’t just happening near the Red Sea. This is a significant escalation. The international coalition will hand its hands full! https://t.co/eDWcHmO1YD
The UK Maritime Trade Operations received a report of a ship being attacked by a drone south west of Veraval, India https://t.co/QGhhquhPKL
#BREAKING Drone strike hits ship off India's coast: maritime agencies https://t.co/Yqz99yOAtw
⚡️The British maritime security company Embry reports that the Indian Navy is "responding" to the incident in which a merchant ship was attacked by a UAV near the coast of India
BREAKING - Drone strike hits ship off India’s coast: maritime agencies https://t.co/rK5QFS8K5X
British maritime sources report an accident for a cargo ship 200 km from the west coast of India?! Apparently, a suicide drone hit this ship. https://t.co/fw2mNvMgCN
British maritime security firm Ambrey says a merchant vessel has been struck by an unmanned aerial vehicle off #India’s #Veraval. https://t.co/4TZz45z1Xc https://t.co/uvgTPIF3kn
Houthis shut down 10% of the world's Oil Transport pathway for <$10M. A trillion dollars of shipping goes through the Red Sea.
UK Reports Drone Attack on Ship Near India - Ship & Bunker https://t.co/7AYFTTnwSd #oott
🚨DRONE ATTACK IN ARABIAN SEA UK officials confirms a UAV attack caused an explosion aboard a ship 200 nautical miles from Veraval, India. Fire on the vessel was successfully extinguished, with no casualties reported. No confirmation of who was responsible for the attacks.… https://t.co/z3mOOKk3Jk
The U.K. Office of Maritime Trade Operations is reporting that an incident in the Arabian Sea involving a Commercial Shipping Vessel roughly 200nm from the City of Veraval in Western India. https://t.co/C9kotR96PH
Stepping up tone, US says Iran 'deeply involved' in Huthi ship attacks https://t.co/7D1xe4oAzo
Maersk and CMA CGM, two of the world’s largest shipping firms, will impose extra charges after deciding to re-route ships following attacks on vessels in the #RedSea, as worries about the disruption to global trade grow. https://t.co/FbeFnp9BxB
Houthi attacks: Hundreds of ships to reroute from Red Sea, 44% cost spike for China https://t.co/L7jeQlTruq
"Our military operations will not stop unless the genocide in Gaza stops." Yemen's Houthis say they will keep attacking ships in the Red Sea, even after the US announcement of a new maritime protection force ⤵️ https://t.co/DF9uEvKrBV
Houthi attacks: Hundreds of ships to reroute from Red Sea, 44% cost spike for China, @JackvDutton https://t.co/L7jeQlTZjY
Yemen's Houthi rebels will not halt attacks on ships linked to Israel in the Red Sea, despite the US announcing a new maritime protection force to counter them. Read more: https://t.co/QsKtgMPcpG https://t.co/sbdJmJ7PJg
NEW - US says Iran ‘deeply involved’ in Houthi attacks on ships https://t.co/Uqq2h2TDWC
By attacking vessels in the Red Sea, the Houthis, a once ragtag group of fighters that captured Yemen's capital in 2014, are boosting shipping companies' bottom lines and powering their stocks. https://t.co/FYtKNEmCiz
🇮🇷🇾🇪🚨‼️ ESCALATION: Iran is getting blamed! “An Iranian surveillance ship in the southern Red Sea provides the Houthis with information on ship movements and actively helps them carry out attacks.” This information was confirmed to the Wall Street Journal by representatives of… https://t.co/4lGRLz9aut
The cost of shipping goods has increased by 45% in the past week as major companies paused activity in the Red Sea global supply artery. Read more 🔗 https://t.co/q82Z27gN9w
⚠️ US SAYS IRAN 'DEEPLY INVOLVED' IN RED SEA ATTACKS ON COMMERCIAL VESSELS Iran was "deeply involved" in planning operations against commercial vessels in the Red Sea and its intelligence was critical to enable Yemen's Houthi movement to target ships, the White House said on…
Live update: White House: Iran ‘deeply involved’ in planning Houthi attacks on Red Sea shipping https://t.co/qujQpTn1qM . Click to read ⬇️
#BREAKING Iran 'deeply involved' in Red Sea ship attacks by Yemen's Huthis: White House https://t.co/Y9GvyhU1Al
More ships carrying oil avoid Red Sea route https://t.co/tY9ElkuAw6 https://t.co/HcuU4nqkVp
A new international naval coalition will serve as "highway patrol" to protect shipping in the Red Sea from attacks by Iran-backed Houthi militants, the US said https://t.co/2WkvgQMo3K
Maersk, the world’s second-largest container line, is expecting shipping disruptions in the Red Sea to continue for months because of heightened security risks https://t.co/0tZJGILoCq
⚠️ MORE SHIPS CARRYING OIL AVOID RED SEA ROUTE At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a U.S.-led coalition geared up to help safeguard vessels… https://t.co/DwyqxTQtOi
Hundreds of ships now forced to reroute from Red Sea driving 44% cost spike for China containers to Med., as result of Iran-backed Houthis attacks. Read @jackvdutton : https://t.co/2MlAAQvTZk
Shipping costs rise by nearly 50% in a week and could go up further amid Red Sea attacks 🔗 https://t.co/qxBoeRDEX2
Wall Street Journal: An Iranian ship provided Yemenis with information to attack commercial ships passing through Bab al-Mandab
As a result of Houthi shelling of ships in the Red Sea, total global shipping volumes will be reduced by 20% - Japanese Nikkei Shipping companies have been forced to reroute at least 120 container ships due to threats from the Houthis' Ansar Allah movement, with the ships…
Many firms have decided to avoid the Red Sea as Houthis attack vessels passing through. This will have sharp consequences for the world economy https://t.co/3HIXmGQhqg 👇
“Iran’s paramilitary forces are providing real-time intelligence to Yemen’s Houthis that the rebels are using to direct drones and missiles to target ships passing through the Red Sea…” U.S. weakness is provocative and dangerous. https://t.co/ZhYJWofYtW
The series of ship attacks by Iran-backed Houthi rebels in the Red Sea could curtail global shipping capacity by 20% in a fresh blow to supply chains that could reignite inflationary pressures. https://t.co/A7fqjqYx5p
LIVE UPDATES: Iranian spy ship provided intelligence for Houthi strikes in the Red Sea, WSJ reports https://t.co/trm5ViIed0
The Houthis couldn’t locate their own country. Per the Wall Street Journal, an Iranian vessel in the Red Sea is gathering intelligence and then transferring it to the Houthis to wreak havoc on commercial shipping.
I been saying this, we need to sink that Iranian command and control ship. The U.S. has ships all around it and doing nothing... Wall Street Journal: An Iranian ship in the Red Sea enables the Houthi drones to target ships accurately. https://t.co/moyYONMWJS
Iran and its Houthi proxies know they can attack ships in the Red Sea because they don’t fear Joe Biden. Until we destroy the Houthi’s helicopters, missiles, and drones—and any Iranian ships helping them—these terrorists will continue to attack global commerce with impunity.…
Houthi’s attacks on cargo shipments in the Red Sea are causing shipping costs to skyrocket & increasing consumer prices for energy and goods. I sent a letter to @POTUS calling on him to neutralize these threats to protect global supply chains.https://t.co/ByoORyEtGC
WSJ: "Iranian Spy Ship Helps Houthis Direct Attacks on Red Sea Vessels" This has been obvious for some time, but now some officials are acknowledging it. The Houthis are likely not using land based radars, but rather this ship, and their own ISR assets to provide targeting data… https://t.co/ymEb0Ik2C9
By launching drones and missiles at ships transiting the Red Sea, Yemen's Houthi rebels are threatening the global economy. They must be stopped https://t.co/2qJGtR33Am via @opinion
Freedom of navigation is protected under international law. The Houthis are threatening this freedom as well as world trade with their violent attacks in the Red Sea. These attacks must stop immediately.
"African Ports Overwhelmed by Red Sea Reroutings" I think African port bunker fuel congestion might become an issue next weeks. Congestion/Ships waiting, is of course great for supply versus demand of ships, and hence rates. Remember US West coast #Container congestion? https://t.co/mxIo4cxuwW
Iranian Spy Ship Helps Houthis Direct Attacks on Red Sea Vessels https://t.co/VpsMW8rz8k
Live update: Iranian spy ship said helping Yemen’s Houthis launch attacks on ships in Red Sea https://t.co/RJpRNlsOXC . Click to read ⬇️
Iranian Spy Ship Is Assisting Houthi Attacks On Red Sea Shipping: Intel Officials https://t.co/Aau6B2RFZJ
Breaking from @WSJ: an 🇮🇷IRGC intelligence vessel is passing along real-time intel to the Houthis to help attack ships in the Red Sea. The intel helps ensure the Houthis’ missiles and drones hit their targets. https://t.co/cZjYbzjkaF
Second order effects of the Red Sea conflict are aboutbl to hit the shipping industry... https://t.co/kMkxiL979i
🔴 IRAN PARAMILITARY HELPS HOUTHI REBELS ATTACK SHIPS IN THE RED SEA - WSJ CITING SOURCES.
More unnecessary inflationary pressures: Container rates hit $10,000 as ocean freight inflation soars in Red Sea crisis https://t.co/F7PtqbF8nZ
🚢 The cost of container shipping has risen 45% in the last week alone as major shipping companies halt vessels and avoid the Red Sea It currently costs $1,497 to send a 20-foot container from Shanghai to Europe, up from $562 in Oct Adds to the risk of inflation in 2024 https://t.co/eFXcIKE6iA
Billions in cargo diverted amid Red Sea disruptions – CNBC The uncertainty over the key route linking Asia and Europe threatens global supply chains https://t.co/uqGSEZFdvH https://t.co/9V8MNqGTjB
🚨🇾🇪OFFICIAL HOUTHI STATEMENT: "We want a direct confrontation with the U.S. and Israel. If America strikes us, we will target American ships, interests, and maritime traffic." Abdel-Malek al-Houthi https://t.co/W2Lz6kPBIh
Houthi leader warns Saudi Arabia and UAE against joining US coalition “ We advise Saudi Arabia and the UAE not to side with the Israelis...the future of Saudi Arabia is in danger,” said the leader of the Yemeni Houthi organization Ansar Allah al-Houthi in an interview with Al…
Shipping firms impose surcharges as Red Sea attacks hit global trade https://t.co/sPYKs48V9i https://t.co/NEjMYW3dNm
Shipping companies sailing around the Cape of Good Hope to avoid Houthi attacks on the Red Sea face tough choices over where to refuel and restock, as African ports struggle with red tape, congestion and poor facilities, companies and analysts say. Hundreds of large vessels are… https://t.co/O0rIRS7V2m
Hundreds of merchant ships have veered away from the Bab-el-Mandab shipping strait, an unavoidable seaway when using the Suez Canal to cut between Asia and Europe, after the Houthis stepped up attacks late last week. https://t.co/55eSRLQIPo via @business @markets https://t.co/cFgV0qWrDE
The Sonangol Cabinda, on charter to Equinor with a million barrels of US crude on board for India, has done a U-turn after dithering for almost a week in the Red Sea. Equinor, remember, has said it would avoid the area for now. https://t.co/vk94dvHD8L https://t.co/d5N4RpFQ7q
WATCH NOW via MEMRI TV Yemeni-Houthi Leader Abdul-Malik Badreddine Al-Houthi Warns: We Want a Direct Confrontation with the U.S. and Israel; If America Strikes Us, We Will... via @memrireports #MEMRI https://t.co/DpKQlDF8pM
Ships rerouted by Red Sea crisis face overwhelmed African ports https://t.co/uMwThcshzp https://t.co/z1BgEhWeUz
🚨HOUTHIS ATTACK: OIL TANKER CARRYING U.S. OIL FORCED TO RETREAT Equinor oil tanker hauling about a million barrels of U.S. Crude Oil was forced to make a U-TURN in the middle of the Red Sea amid Houthi attacks. The maneuver, rare for a vessel of its size and cargo,… https://t.co/DTRlV4eUOC https://t.co/cOIascQU0J
So far this week, only about 30 tankers have entered the Bab al-Mandab Strait, according to vessel-tracking data compiled by Bloomberg. That’s equivalent to a drop of more than 40%. https://t.co/BN1QtCVpvz via @JWittels https://t.co/u03cHblPt2
Iran-backed Houthi rebels acting like ‘bandits’ in Red Sea, warns US https://t.co/b43f1dtIu0
More shippers say they are avoiding the Red Sea following attacks on merchant vessels by the Houthi militants, threatening disruption for global trade https://t.co/HZ6qDoT1Tp https://t.co/KdQDCIOca8
An oil tanker hired by Norway’s Equinor that came to a halt in the Red Sea six days ago is now sailing back toward the Suez Canal https://t.co/npDJG3UKtq
The Houthis’ campaign in the Red Sea is already wreaking havoc on global shipping, @elisabethbraw writes. https://t.co/B0daj482OO
Red Sea: Tanker traffic through Bab al-Mandab is down Vessel-tracking data show a decline by more than 40% this week versus 3-week average https://t.co/uE2TUfovTH https://t.co/WqqBw2xr9M
Yemeni-Houthi Leader Abdul-Malik Badreddine Al-Houthi Warns: We Want a Direct Confrontation with the U.S. and Israel; If America Strikes Us, We Will Target American Ships, Interests, Maritime Traffic #Houthis #yemen https://t.co/pEYWAPypLu
Shipping Is Disrupted by Red Sea Attacks, Panama Drought. It Means Higher Rates. https://t.co/LvAWjaEgTo
🚨Tanker Traffic Drops Sharply Through Crucial Red Sea Strait - Vessel traffic declines by more than 40% versus a 3-week average - Yemini Houthi militants have vowed to continue attacks on ships Source: Bloomberg https://t.co/Np1ftzFbNP
Attacks on passing ships by Houthi militants, in response to Israel’s assault on Gaza, have choked the only southern approach to the planet’s most-trafficked shortcut. The world’s top 10 container shipping lines are refusing to journey through the Red Sea. https://t.co/hAuNrF5BuH
Container rates hit $10,000 as ocean freight inflation soars in Red Sea crisis (CNBC) With 158 vessels carrying approximately $105 billion in ocean freight being diverted away from the Red Sea amid the risk of continuing Houthis’ attacks, cargo prices are soaring. https://t.co/cJDWbibYoB
More than 20 countries will participate in the U.S.-led coalition safeguarding commercial traffic in the Red Sea from attacks by the Houthis.
One of the world’s top trading routes is essentially closed for business to many shipping companies as Houthi rebels have been attacking ships in response to Israel’s war in Gaza. @johnyangtv discussed the implications with @typesfast. https://t.co/rhUy7t7Yqd
⚡Another actively traded contract of The most-traded Containerized Freight Index (Europe Service) Futures, to be delivered in June 2024 also spiked with a 15% upside limit. Speculators in #China are betting that the impact of the Red Sea chaos will last at least 6 months. https://t.co/CzLVgE83Xi https://t.co/iWOpq018xy
#China's #shipping index futures surge for 5th straight day amid surging shipping cost after Houthi militant attacks in Red Sea. Containerized Freight Index (Europe Service) futures surges by daily limit of 15%, bringing weekly gains to 56.2%. https://t.co/haGgRmRP6L https://t.co/WqJEVN6LgP
⚡The most-traded Containerized Freight Index (Europe Service) Futures jumped by 15% to limit-up again in China INE, in a 5-day streak, has surged by 70% this month! #China #RedSea #Shipping https://t.co/u9Q8wE2zjg https://t.co/4MdvoiBWtJ
Bloomberg: About 180 container ships changed course around Africa or were stopped to avoid attacks in the Red Sea.
Live update: More than 20 countries join coalition to protect Red Sea shipping, says Pentagon https://t.co/ahF7iyjOGb . Click to read ⬇️
A total of more than 20 countries have agreed to participate in the new #US-led coalition safeguarding commercial traffic in the Red Sea from attacks by #Yemen’s #Houthi militia as more nations join the effort, the Pentagon says. https://t.co/4t2W36vl4a
A wave of Houthi missile attacks has spooked shipping companies and energy markets, FP's Christina Lu writes. https://t.co/qtq8c1Ehg5