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The Guardian - AU
The Guardian - AU
Business
Jonathan Yerushalmy

Red Sea crisis explained: what is happening and what does it mean for global trade?

A Houthi military helicopter flies over the a cargo ship in the Red Sea.
Shipping has been disrupted by Houthi attacks on cargo vessels in the Red Sea Photograph: Houthi Military Media/Reuters

Houthi rebels in Yemen have significantly stepped up attacks on commercial shipping vessels travelling through the lower Red Sea since mid-November in response to Israel’s bombardment of Gaza.

On some occasions, Houthis have boarded or sought to board merchant tankers; on others, they have targeted cargo ships with drones and missiles. Damage has been minimal in most cases, but in mid-November, one tanker, the Galaxy Leader, was successfully hijacked.

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