Houthi Attacks Start Shutting Down Red Sea Merchant Shipping

Attacks linked to war in Gaza are threatening global trade
Oil and gas prices jump as big companies avoid Red Sea

WATCH: Tankers are idling and container vessels are rerouting around Africa in order to avoid waters off the coast of Yemen. Alaric Nightingale reports.Source: Bloomberg

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By Rachel Graham, Brendan Murray, and Alex Longley

December 18, 2023 at 6:11 PM UTC

Updated on

December 19, 2023 at 1:31 AM UTC

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Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa as violence linked to the Israel-Hamas war threatens to undermine the global economy.