Houthis hit another ship — $1 trillion in goods passing through the Red Sea now disrupted

The Greek vessel, still burning, was described as a “an environmental nuclear bomb.” The Houthis released a video of themselves setting off the blaze after boarding and placing explosives on the ship, and shouting “death to America; death to Israel; curse the Jews.” Fortunately, there was no oil spill.

Little is being reported by the mainstream media about the devastating economic fallout from the Iran-backed Houthi jihadists. They have already disrupted the flow of a trillion dollars in goods.

Last month, Maersk CEO Vincent Clerc warned customers of “challenging” months ahead for carriers and shippers due to the Red Sea Houthi attacks.

The Red Sea is a critically important route for companies that are shipping goods from Asia to Europe. It accounts for about “15% of total global sea trade.” Due to the Houthis, those goods are now costing more to ship and are taking longer to arrive as the ships face attacks. This translates into higher prices for Western consumers in already bad economies.

“Merchant vessel hit by two unknown projectiles near Yemen’s Saleef,” The Media Line, September 2, 2024:

The attack marks the latest in a series of strikes by the Iranian-backed Houthis that have disrupted the flow of $1 trillion in goods passing through the Red Sea annually.

A suspected attack by Yemen’s Houthi rebels targeted a ship in the Red Sea on Monday, just north of the area where crews are attempting to salvage a tanker loaded with oil and still ablaze after an earlier assault by the group, authorities said.

The attack marks the latest in a series of strikes by the Iranian-backed Houthis that have disrupted the flow of $1 trillion in goods passing through the Red Sea annually and halted some aid shipments to Sudan and Yemen. The group has targeted over 80 vessels with missiles and drones since Israel’s war on Hamas in Gaza began in October.…