Houthi attacks lead to 90% decline in commercial vessels shipping in Red Sea: US June 16, 2024 at 06:30PM

The US intelligence community has issued its inaugural assessment regarding the financial ramifications stemming from assaults on commercial vessels in the Red Sea perpetrated by Houthi insurgents. As per the appraisal of American intelligence personnel, "container shipping through the region declined by 90% from December to February" as a direct consequence of these offensive actions.