Prosperity Guardian, the United States–led military operation designed to end Houthi attacks on international shipping, has failed.

Michael Roberts and Salvatore Mercogliano, two leading experts on international shipping, will join Senior Fellow Michael Doran for a virtual event. They will discuss the Houthi attacks’ consequences for the global economy and the balance of power between the US and its global rivals—in particular, how Iran and its proxies’ weaponization of global supply chains strengthens China.