The US is reportedly considering strikes against Houthi rebels in Yemen that have been menacing commercial ships in the Red Sea since the conflict began in Gaza. The Pentagon has a range of options for missile attacks on Houthi positions and has moved the Dwight D. Eisenhower carrier strike group into position off the coast of Yemen.
Since November 2023, the Iran-backed Houthis have conducted several attacks on commercial shipping in the Red Sea. Their attacks have increased navigation risks in the region and affected risk perception in the maritime sector. The economic and geopolitical implications are felt much beyond the coast of Yemen.
The world economy is strongly dependent on the global maritime supply chain. About 80% of international trade by volume is transported by sea. This figure rises to 95% for the UK. From mobile phones to clothes and from coffee to sugar, the manufactured items we use and the food we consume on a daily basis have been, at least in part, transported by sea.
