Overview

• A ship attacked by Yemen’s Houthi rebels has sunk in the Red Sea, the first vessel to be fully destroyed in their campaign over Israel’s war against Hamas.
• The sinking could lead to further detours and higher insurance rates for vessels, potentially driving up global inflation and affecting aid shipments to the region.
• The U.S. military warned that the ship’s cargo of fertilizer and fuel leaking could cause significant ecological damage to the Red Sea.
• A coalition of about two dozen countries, including the U.S. and the U.K., is working to secure the Red Sea waterway, but China's absence from the coalition has been noted.
• Despite over a month of U.S.-led airstrikes, Houthi rebels remain capable of launching significant attacks, including on ships and an American drone.