‘Disruption to shipping in Red Sea caused by Houthi militants’ attacks could affect supply chains for months,’ warn Business chiefs

Business chiefs warned on January 17 that disruption to shipping in the Red Sea caused by attacks by Yemen’s Houthi militants could affect supply chains for months and lead to a shortage of tankers needed to transport fuel.

Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers — an escalation of Israel’s more than three-month-old war with Palestinian Hamas militants in Gaza.