From time to time there are reports that the Houthi of Yemen have shot missiles at another ship, and I wonder what they hope to accomplish. Maybe this is it?
Revenue registered by the Suez Canal for fiscal year 2023/24 fell by more than $2 billion, as attacks on commercial vessels in the Red Sea by Iran-backed Houthi rebels in Yemen continue to disrupt global trade and cause rerouting.
Yemen’s Houthis have been attacking commercial vessels traversing the Red Sea region since November 2023, calling the strikes a direct response to Israeli military operations in Gaza after Hamas’ Oct. 7 attack on southern Israel. [AL-Monitor]
Do the Houthi consider Egypt friend or foe? And I had no idea that they were having that sort of impact on Canal revenue.
