The global shipping industry is reeling from the impact of escalating attacks by Iran-backed Houthi militants in the Red Sea, targeting both military and commercial vessels and disrupting key trade routes. A Yemeni Houthi official has threatened U.S. interests, vowing retaliation against any American attack. The Houthis have refused to back down, even as a rocket attack targeted U.S. troops in Iraq, and they have opened a new front against the U.S. Empire. Amidst the chaos, the Biden Administration has organized an international coalition to confront the rebels. Houthi fighters have vowed to strike U.S. warships if the conflict escalates, signaling a direct assault on global commerce. The fallout from the Israel-Hamas war has sent shockwaves through the economy, with the Houthis attacking ships in response to the conflict in Gaza. These attacks have choked the southern approach to the Suez Canal, forcing shipping companies to reroute and causing container rates to hit $10,000. An Equinor oil tanker carrying U.S. crude was forced to retreat, and African ports are overwhelmed by the diverted traffic. Critics argue that President Biden's perceived weakness has emboldened enemies like Iran, the root cause of the attacks. The Houthis are seeking a direct confrontation with the U.S. and Israel, threatening further disruptions to global shipping and trade.
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
Britain and America are considering ordering air strikes on missile launch sites in Yemen, as Houthi rebels threaten to escalate their attacks on international shipping in the Red Sea https://t.co/MPnqjqliCF
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 👇
The Biden Adm is reluctant to start a war just before Christmas but via its Houthi agents Iran is closing the Red Sea ports & the Suez Canal--with global repercussions. Intercepting the odd missile is not enough. Recognizable Houthi installations and forces must be destroyed.
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
"Any ship comes near, we'll hit it": Thousands rally in Yemen against U.S.-led Red Sea alliance https://t.co/ba900GKOeq
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.…
Without a coherent strategy to counter Iranian aggression, the Biden administration continues to put American servicemembers and our Israeli allies at risk. President Biden needs to take substantive action to deter Iran and its proxies. https://t.co/kxeA35IhqX
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
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
Mapped: How Houthi Attacks in the Red Sea Impact the Global Economy 🗺️ 📲 Want more content like this, along with daily insights from the world’s top creators? See it first on the @VoronoiApp. https://t.co/PsdPqcIhOB https://t.co/d40UFGO7V2
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
Some of the world's largest #shipping firms, including Maersk and CMA CGM, will impose extra charges after they re-routed ships in response to attacks on vessels in the #RedSea, as worries about disruption to #globaltrade grow. https://t.co/6rCNMocPhG
The Biden Administration continues to project weakness overseas that will embolden our adversaries and endanger American lives and national security. https://t.co/Nqs9ctANiW
The total oil flows through the Red Sea is about 7m barrels per day Freight rates from Asia have surged 31% to 53% depending on the route How much of global trade flows are being disrupted and what are the risks? Read the research from MacroVisor here: https://t.co/xeFGcyfWgY https://t.co/Yi5eu33BjH
American military official in an interview with the Times: Since mid-October, our military bases in Iraq and Syria have been attacked at least 102 times. https://t.co/PGDsPCWHWu
Second order effects of the Red Sea conflict are aboutbl to hit the shipping industry... https://t.co/kMkxiL979i
More unnecessary inflationary pressures: Container rates hit $10,000 as ocean freight inflation soars in Red Sea crisis https://t.co/F7PtqbF8nZ
The Yemeni Houthi leader, Abdel-Malek al-Houthi, threatens America 👇 Just look at the size of his dagger 🤣 https://t.co/WksQ0B73al
🚢 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
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
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
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
This is a very interesting data point: June 2024 Container Freight Index futures also up big as expectations the Red Sea mess will continue for 6 months! https://t.co/5ZZkjMC8Jn
Huge 5 day streak of the Container Freight Index continues tonight in China. https://t.co/tRBSZufslc
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
US CENTCOM confirmed that unspecified militants conducted a rocket attack targeting US forces at Ain al Asad Airbase in Anbar Province, Iraq, on December 20. 1/2 https://t.co/CGAmoHQjTC
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
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.
One of the world’s top trading routes, the Suez Canal, is essentially closed for business to many shipping companies. That’s because Houthi militia in Yemen have been attacking ships in response to Israel’s war in Gaza. @johnyangtv speaks to @typesfast to learn more. https://t.co/8VfRXtYRLZ
I couldn’t agree more, @SenTomCotton. Time and time again, President Biden has further emboldened our adversaries by failing to act. Our troops, allies, and partners deserve better. https://t.co/QwuMmL7rUw
A wave of Houthi missile attacks has spooked shipping companies and energy markets, FP's Christina Lu writes. https://t.co/qtq8c1Ehg5
The fallout from the Israel-Hamas war has sent shockwaves through the global economy with disruptions to one of the most important shipping routes in the world. https://t.co/n4w1ChXy2o
The whole world can clearly see that the Houthis are terrorists, targeting Americans and shipping companies from around the world. But until the Biden Administration imposes real costs on Iran—the root cause—the attacks will continue.
There's been 102 attacks on US troops in the Middle East since October 17th – an alarming number! Under Joe Biden's administration, attacks on our troops in Iraq have skyrocketed. There has been no retaliation or repercussions – our adversaries see a clear sign of weakness with… https://t.co/MsBMFkU5AA
President Biden refuses to respond to Iran and its proxies for fear of “escalation.” This weakness only emboldens our enemies and these attacks in the Red Sea and elsewhere will continue unless we respond.
A steep decline in the number of tankers entering a vital Red Sea conduit suggests that attacks on ships in the area are further disrupting a key artery of global trade https://t.co/ge4XziygeE
Container rates hit $10,000 as ocean freight inflation soars in Red Sea crisis https://t.co/bPNYlHM4Qe
Al-Houthi: We will respond to any country that opens its airspace to bomb Yemen.
WATCH NOW via MEMRI TV Yemeni Houthi Official Abdullah Al-Na'ami Responds To U.S.-Led Naval Coalition In The Red Sea: I Warn The U.S., Any Aggression Against Yemen Will Expose... via @memrireports #MEMRI https://t.co/NBs01wHm1i
These Houthi attacks in the Red Sea are undeniably a direct assault on commerce, signaling a broader agenda within the geopolitical alignment of China, Iran, Russia, and North Korea. Their overall goal has always been to impact global currency while simultaneously cutting off the… https://t.co/F6nb5DEtez
Houthi fighters vow to strike US warships if ‘Americans attack’ Yemen The threat follows news of Washington planning to set up a coalition to stop attacks on cargo vessels https://t.co/ZSR9JYPj0s https://t.co/jdjYHAzjoO
WATCH: As crisis in the Red Sea deepens, exporters are wondering how to get their goods to market. The attacks, led by Iran-backed Houthi militants in Yemen, have disrupted a key trade route linking Europe and North America with Asia via the Suez Canal https://t.co/Dmv8WRI3CH https://t.co/S8A7nXYd4K
I commend the Biden Admin for organizing an international coalition to confront the Houthi rebels in Yemen. We must make clear to Iran and its terrorist proxies that the U.S. will not tolerate blatant violations of international law and threats to maritime commerce in the region.
US forces attacked yet again in Iraq, bringing number of attacks to 102 since Oct. 17 | Al Arabiya English https://t.co/apwcxvZbUr
Twin crises in the Red Sea and Panama are sending cargo ships back to 18th century trade Routes https://t.co/H579NbJrgw
⛴️ As attacks from Yemen and Middle Eastern warfare sees shipping companies avoiding the Red Sea, we ask if cruise companies could follow suit. Find out more here ⤵️ https://t.co/AbB6uNvfhw
Yemen Houthi leader warns 'any American targeting of our country will be targeted by us' https://t.co/3OPDqiGz8v
As the crisis in the Red Sea deepens, exporters are wondering how to get their goods to market. The attacks, led by Iran-backed Houthi militants in Yemen, have disrupted a key trade route linking Europe and North America with Asia via the Suez Canal https://t.co/8wFTwUX7qm https://t.co/Oaq1gdz5H3
The Americans openly declare a possible strike on Yemen and Iran 🤡: “We must be prepared to go on the offensive: launch offensive strikes against targets on the shore, perhaps using Tomahawk missiles and attack aircraft from the aircraft carrier Dwight Eisenhower, which is… https://t.co/2NTXy8tIQX
Unless the shipping route in the Red Sea can safely reopen, delays and the inevitable disruption at ports as vessels arrive out of schedule will create disorder within global trade in the coming months https://t.co/jQWkp0OuwV 👇
Yemen’s Houthis Open New Front Against US Empire New Rules spoke to Maram Susli (@Partisangirl) about the brewing showdown in the Red Sea. #Houthi #Yemen #Gaza https://t.co/cwmbCFwmFs
🚨 HOUTHIS GEAR UP FOR A SHOWDOWN WITH ISRAEL Houthis are rallying, vowing to fight for Palestine. But here's the catch: they face a daunting 1,000+ mile trek across hostile deserts or a naval path through a Red Sea swarming with U.S. coalition forces. Their readiness could… https://t.co/1yPJoUReTz https://t.co/9tuOqZYYm3
Shipping costs soar as war and climate risks choke key waterways https://t.co/ERMbOqaPwC https://t.co/WF8nLv3AEj
Yemeni Houthi Official Abdullah Al-Na’ami Responds to U.S.-Led Naval Coalition in the Red Sea: I Warn the U.S., Any Aggression against Yemen Will Expose the International Waterways to Real and Imminent Danger; We Are Ready to Fight the U.S. at Any Moment #Yemen #houthis https://t.co/LymQMoJNq0
The war in Gaza has catapulted the Houthis — a once-scrappy tribal group that controls northern Yemen — into an unlikely global spotlight. @viviannereim reports on why the Houthis are refusing to back to down from their Red Sea attacks https://t.co/USaLCSQT0K
WATCH: Exporters are scrambling to find alternative air, land and ocean routes to get toys, apparel, tea and auto parts to retailers as disarray ripples through freight supply chains around the world during a wave of attacks in the Red Sea https://t.co/Dmv8WRIBsf https://t.co/SPMmjU04pQ
Exporters are scrambling to find alternative air, land and ocean routes to get toys, apparel, tea and auto parts to retailers as disarray ripples through freight supply chains around the world during a wave of attacks in the #RedSea. https://t.co/GfVnOz93kQ
A rocket attack targets #US troops at Iraq’s Al-Asad Airbase, bringing the number of times American forces in #Iraq and #Syria have been targeted to 102 since Oct. 17. https://t.co/EplMWFN80V
4th day in a row this Container Freight Index is up 10% as about all container vessels are avoiding the Red Sea. https://t.co/ExdJOueNZZ
Houthi attacks have accelerated fast. All manner of ships traversing the Red Sea have been targeted with missiles, drones, or attempted seizures, @elisabethbraw writes. https://t.co/B0daj482OO
⚡️The most-traded Containerized Freight Index (Europe Service) Futures extended a rally to about 10% in Shanghai INE on Thursday morning. #China #commodity #shipping #RedSea #Houthis https://t.co/yIvFpVwJ1v https://t.co/6DSHDCkSpE
Exporters are scrambling to find alternative air, land and ocean routes to get toys, apparel, tea and auto parts to retailers as disarray ripples through freight supply chains around the world during a wave of attacks in the Red Sea https://t.co/BmBEobDg03
#China's #shipping index futures rally for 4th straight day amid surging shipping cost after Houthi militant attacks in Red Sea. Most-traded Containerized Freight Index (Europe Service) futures contract surges 7.5% to break through 1,200 mark. https://t.co/haGgRmRP6L https://t.co/1fazIYYKtE https://t.co/NuZgri7qHc
The leader of Yemen’s Houthi rebels has vowed to attack American warships if the conflict in the Red Sea escalates https://t.co/1gX2CiFeOx
The Red Sea situation is forcing ships to re-route, at a large expense to global trade as ships steam 16.5% farther. An example: The Evergreen Talos departed Virginia today for Malaysia. She will by-pass the Suez Canal due to the recent threat to marine traffic Owned by… https://t.co/HkSBcF0N5T
Attacks on shipping in the Red Sea are a blow to global trade https://t.co/Y4EdlnZXlT via @TheEconomist
Houthi leaders in Yemen: "We will retaliate against any U.S. attack on our country, and we will make U.S. battleships, interests, and ships a target for our missiles, drones and military operations... they will face worse than what they faced in Afghanistan and Vietnam."
President Biden’s appeasement has put our troops at risk of increased Iran-backed terrorist attacks. I’m taking action to defend against terrorist attacks at sea and protect American lives. https://t.co/q5VCI0Fo84
⚡️BREAKING The houthi official has announced that Yemen will respond to any American attack by targeting American interests and ships, whether military or commercial. We will not allow America to launch strikes on Yemen and then escape punishment through negotiations. We… https://t.co/luFoQdv4tI
Biden Has No Choice But To Stop the Houthis https://t.co/TDlzYkT0yZ via @commentary There's a window to secure the Suez shipping route before the economy feels any real pain and before the Houthis solidify their recognition deal. My latest.