American warships and one British one have repelled the most massive attack by Yemen’s Iran-backed Houthis in the Red Sea.
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Yesterday, the Houthis launched 18 kamikaze drones, two cruise missiles and one anti-ship missile. They were shot down by F/A-18 Hornet fighters from the aircraft carrier USS Dwight D. Eisenhower, as well as by fire from the destroyers USS Gravely, USS Laboon, USS Mason and the British HMS Diamond.
There are no casualties or damaged ships, and the Houthis are promised a response. According to private intelligence firm Ambrey, the drones and missiles were launched from areas of the Yemeni port cities of Hodeidah and Moha.
Last week it became known that the world’s largest Chinese shipping company would stop delivering goods to Israel. The Israeli economic publication Globes writes about this.
Chinese shipping company COSCO, which accounts for about 11% of global trade, has suspended delivery of goods to Israeli ports.
The company reportedly made this decision despite the fact that its ships in the Red Sea are not at risk of attack by the Houthis.
China is the buyer of 90% of Iran’s oil exports. Therefore, the likelihood that the Houthis will fire at the courts of a state-owned Chinese company is very low and this calls into question the reason for this decision by COSCO.
According to Israeli media, this decision was made due to Beijing’s support for the Palestinians.
Since 2021, China has become the largest importer in the Israeli market. In 2022, China supplied products worth $13 billion to Israel, and goods worth $5 billion were shipped in the opposite direction. In the first 11 months of 2023, the volume of Chinese exports to Israel exceeded $10 billion.
Prices for shipping goods around the world are skyrocketing after six weeks of disruption in the Red Sea, where Iran-backed Houthi militants are attacking commercial ships, Axios writes.
About 30% of the world’s container ship volume moves through the Suez Canal, which connects the Red Sea to the Mediterranean.
It was previously estimated that Houthi attacks on ships in the Red Sea could reduce global shipping capacity by 20%.
Spot rates for shipping goods from Asia to Northern Europe are up 173% compared to before shippers began rerouting shipments, and rates to the East Coast of North America are up 52%.
This will increase prices and create shortages of a number of goods.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.