By Jennifer Parker*
Over the past month, the Iranian backed Houthi militia in Yemen has recommenced its attacks on merchant shipping in the Red Sea. Attacks and attempted attacks included the seizure of a British-owned, Japanese operated merchant ship reportedly linked to an Israeli businessman, and the militia says it will continue to attack merchant shipping transiting to Israel.
That is a significant threat to global commerce given that over 12 percent of global trade transits through the Red Sea, as does over 40 percent of Europe’s trade with Asia.
