International trade continues to be disrupted with the increase in the Houthis attacks on freight vessels in the gulf area of the Red sea. Houthis, an Iram backed and Yemen based military group has continuously carried out attacks on the Red sea only sparing Russian vessels thus destabilising the flow of goods and cargo in a match to affect the Israel allies that could subsequently force them to exert pressure on Israel to stop its bombardments of Gaza.
The action however has been met with retaliation from the United States navy whose primary goal is to ensure global safety across the waters inorder to foster global trade. However the Pentagon has expressed worry over the cost of battling the Houthis activities where engagement of long range cruise missiles worth $2.1m are exchanged to neutralise attacks from lranian made drones worth $2000.
The Pentagon inorder to restore peace in the region has dispatched a massive amount of firepower which include two carrier strike groups, USS Gerald Ford in the Eastern Mediterranean and USS Dwight David Eisenhower in the gulf of Aden, four destroyers and a cruiser which is patrolling the near Bab-al-Mandab checkpoint. The attacks have disrupted shipping between the Indian ocean and the Suez canal hindering about 12% of the global trade.
Consequently, the world's largest shipping companies which include MAERSK and EVERGREEN this week started rerouting vessels away from the Red Sea instead forcing ships around Africa which has consequently inflicted delays with the far reaching effects being felt in the horn of Africa as delays in the delivery of humanitarian drug supplies meant to help the Sudan civil war victims remaining stranded.
