U.S. lists Houthis as terrorists - MilectoU.S. lists Houthis as terrorists - Milecto

On Wednesday, the United States voted to reclassify Yemen’s Houthi rebels as a terrorist organisation. This decision comes after the rebels targeted a second US-operated vessel in the Red Sea this week, leading the U.S. military to undertake further attacks. Since November, the Houthi militia, which is backed with Iran, has targeted ships in the area, disrupting commerce between Asia and Europe. This scenario has aroused worries among global nations and heightened tensions in Israel’s continuing confrontation with Palestinian Hamas terrorists in Gaza.

The Houthis say that what they are doing is to help the Palestinian cause, and they have threatened to attack U.S. ships in reaction to armed attacks on their bases by the U.S. and Britain. Even though these actions were taken, the Houthi movement said on Wednesday that their rockets had hit the U.S. Genco Picardy bulk carrier. The shipping company, Genco, confirmed what happened and said that a projectile hit their ship as it was carrying phosphate rock through the Gulf of Aden.

Genco says that the ship’s crew members are safe and that the gangway was only slightly damaged. The ship is currently moving away from the place that is being damaged. Soon after, the U.S. military said it had attacked 14 Houthi rockets because they were a direct threat to U.S. Navy ships and commercial ships in the area. Saba, a news source with ties to the Houthis, said that strikes from the US and UK were aimed at different parts of Yemen. A spokesman for the Houthi group said that they plan to keep attacking even after these hits.

Yahya Sarea, the military spokesman for the Houthi party, warned that the naval forces are ready to strike any perceived threats in the Red and Arabian Seas, explaining it as a lawful defence of Yemen and continuous support for the oppressed Palestinian people. Earlier this week, Houthi militants fired an anti-ship ballistic missile at the US-owned dry bulk freighter Gibraltar Eagle, resulting in no reported casualties or serious damage.

According to US authorities, classifying the Houthis as a “Specially Designated Global Terrorist” is intended to cut off funds and weaponry that the organisation has utilised for ship-related assaults. Despite this, a Houthi official told Reuters that assaults on ships heading for Israel will continue unaffected by the classification.

Iranian Foreign Minister Hossein Amirabdollahian, who supports Hamas in its struggle with Israel, emphasised at the World Economic Forum in Davos that resolving the Gaza war is critical to removing the danger to Red Sea trade. He highlighted a link between the Red Sea’s security and events in Gaza, claiming that if Israel’s operations in Gaza continue, everyone would suffer and resistance fronts will stay active.

SUPPLY CHAINS SNARLED

Maersk and other big shipping companies, like Maersk (MAERSKb.CO), have told many business ships to stay away from the Red Sea because of ongoing safety worries. Instead, these ships are going around Africa more slowly or stopping their work briefly until their safety can be guaranteed. Maersk CEO Vincent Clerc talked about how bad things were and how important the Red Sea is as a key trade route around the world. He thinks that the problems will last for a few months. Because of the attacks and problems with the weather in Europe, many container ports are backed up, which is slowing down shipping plans.

Senior leaders in banks are worried that this situation could lead to rising pressures. Drewry’s world container index shows that freight rates have gone up by more than 100% since the beginning of December. War risk rates for shipping through the Red Sea are also going up, which makes things even more expensive.

About 15% of all shipping in the world goes through the chosen route, which is an important link between Europe and Asia. Sumitomo Corp, a Japanese trade company, said that it had an effect on its goods in the Red Sea. There are a lot of problems at Italian ports, which makes people worry that if the problems last for a long time, companies will decide to forever move business away from the Mediterranean.

Italy wants other European Union members to help it quickly set up an EU marine security force. The trip takes 10–14 days longer if you take the way around South Africa’s Cape of Good Hope instead of the Red Sea and Suez Canal.

Amin Nasser, CEO of the Saudi oil company Aramco, said that if the Houthis’ strikes last too long, there could not be enough ships. Tankers might be able to help in the short run, but if the attacks keep happening, it could become a bigger problem.

A container ship flying the flag of Malta recently ran into security problems southwest of Dhubab, Yemen. This shows that the area is still dangerous.

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