Rising Red Sea tensions: Concerns over global shipping and spillover from Gaza conflict

Houthis, a militant group based in Yemen, are escalating their attacks on "Israel-related" ships in the Red Sea, demanding retribution for Israel's military campaign in Gaza. This surge in tensions has prompted major shipping and oil companies to suspend transit through the critical maritime trade route, raising concerns about potential global economic repercussions.

In response, the U.S. and more than 20 other nations formed a new coalition to safeguard ships navigating the Red Sea. Over the last four weeks, Houthis have attacked or seized commercial ships 12 times and still hold 25 members of the commercial ship Galaxy Leader hostage in Yemen.