Red Sea Shipping Threatened by Houthi Attacks

Recent attacks by Houthi rebels in Yemen have led to major shipping companies pausing routes in the Red Sea. With about 10% of global shipping passing through this vital waterway, the economic impact is significant. Egypt stands to lose billions in toll revenue due to reduced traffic through the Suez Canal. The disruption of supply chains may lead to delays and higher costs for various products. The options being considered to address this crisis include building a coalition navy to protect cargo ships or directly attacking the Houthis, although the latter carries the risk of escalation with Iran.