Impacts of security in trade

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Houthi rebels attacks in the Red Sea

The Houthis say they are striking Israel-bound ships to support Hamas.

A Liberian-flagged cargo ship came under fire from Houthi rebels.

Undersea cable cuts in the Red Sea disrupted internet in Asia and the Middle East.

Security concerns have led shipping and some energy companies to reroute vessels.

The cost to ship a standard 40-foot container has jumped from $1,500 to $4,000.

Disruption to Red Sea trade lasting a year could surge goods inflation by up to 2%.

British forces joined their American allies in new attacks against militia in Yemen.

Australia, Bahrain, Canada, Denmark, the Netherlands, and New Zealand support the strikes.

The cost of U.S. munitions used against Houthi rebels totaled more than $750 million.

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