Shipping Rates Surge Anew on Recent Houthi Attacks in Red Sea
The cost of containers is soaring, and some oil tankers are finding new trades to boost earnings.
Houthi fighters with a portrait of their leader, Abdul Malik Al-Houthi, during a protest in Sanaa, Yemen.
Photographer: Mohammed Huwais/AFP
Welcome to our guide to the energy and commodities markets powering the global economy. Today, reporters Verity Ratcliffe and Alex Longley examine the impact of Houthi attacks in the Red Sea region on container rates. To get this newsletter sent to your inbox, sign up here.
The conflict between Yemen’s Houthis and Israel escalated even more in recent days after the militant group struck Tel Aviv, and Israel retaliated by hitting targets near the port of Hodeidah.