Overview

• The rebels declared they will strike vessels tied to companies dealing with Israeli ports regardless of ship nationality or cargo, warning of drone and missile attacks across the Red Sea and Gulf of Aden.
• This announcement kicks off the fourth phase of a two-year maritime campaign that began after the Gaza war erupted in October 2023 to pressure Israel into ending its offensive and lifting the siege.
• Earlier this month, Houthi forces sank the Greek-owned Magic Seas and the Eternity C, causing multiple fatalities and the detention of surviving crew members.
• The standoff has disrupted over $1 trillion in annual trade through one of the world’s busiest shipping corridors, forcing many firms to reroute around Africa and driving up insurance premiums.
• Despite U.S.-led Operation Prosperity Guardian, an EU naval mission, and a May ceasefire, international interventions have provided only temporary relief and failed to deter further attacks.