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Today, Explained

Pirates of the Red Sea

Jan 8, 2024
25:32
Snipd AI
The podcast explores the impact of the Houthis targeting cargo ships in the Red Sea due to the war in Gaza. It discusses the motivations of the Houthis, the global consequences of their actions, the United States' security priority in the Red Sea, and the fragility of the shipping industry and its impact on the global economy.
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Podcast summary created with Snipd AI

Quick takeaways

  • The Houthi rebels in Yemen have been targeting cargo ships in the Red Sea as a way to impose costs on countries supporting Israel, resulting in significant disruptions in the global shipping industry.
  • Approximately 20% of commercial ships are now avoiding the Red Sea due to the threat of Houthi attacks, leading to the diversion of ships around Africa and causing major consequences for the global supply chain.

Deep dives

Houthi Attacks on Ships in the Red Sea

The conflict between Hamas and Israel in October had an unexpected consequence: an increase in water-related attacks by the Houthi rebels in Yemen. Previously, attacks on cargo ships in the Red Sea were rare, but since November, the Houthi rebels have carried out over 20 such attacks. These rebels, backed by Iran, began targeting container shipping in the Red Sea as a way to impose costs on countries supporting Israel. Their attacks have caused chaos in the global shipping industry, with ships being seized and crew members being held as hostages. The disruption in this vital shipping route has significant implications for global commerce.

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