The supply of several key exports from Asia to Europe is being threatened by escalating violence in the Red Sea region after a new wave of attacks on Houthi militants launched by the US and UK.
Monday’s air strikes were the latest in a series of attacks that began with missiles launched on January 12 against the Iran-backed Yemeni rebel group, which has caused chaos for shippers worldwide by disrupting traffic through a Red Sea waterway that accounted for 12 per cent of global trade before the conflict, according to a recent South China Morning Post report.
Since the strikes began, the Houthis have vowed to step up their attacks on shipping vessels. While the violence has increased the prices and lengthened the delivery time of imports like oil to Asia, exports of a number of other key goods could also be curtailed, analysts say.
https://www.dhakatribune.com/business/338031/asian-exporters-face-more-red-sea-risks-after
