Oil giant BP announced the suspension of all its shipments through the Red Sea, amid escalating attacks on commercial vessels by Iranian-backed Houthi rebels based in Yemen. The move follows other major companies in halting operations within the vital trading route, revealing a rapidly growing security concern.
Within the southern part of the perilous waters, US military forces have promptly responded to protect commercial vessels coming under fire. Over the past weekend, the military reportedly shot down 14 drones targeting these financial life-lines. Despite the preventative action, these threats continue to disrupt global trading routes and pose an immediate risk to the global economy.
