{"id":613768,"date":"2024-01-21T00:00:00","date_gmt":"2024-01-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/21\/us-uk-mull-intensifying-attacks-on-houthis\/"},"modified":"2024-01-21T00:00:00","modified_gmt":"2024-01-21T00:00:00","slug":"us-uk-mull-intensifying-attacks-on-houthis","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/21\/us-uk-mull-intensifying-attacks-on-houthis\/","title":{"rendered":"US, UK mull intensifying attacks on Houthis"},"content":{"rendered":"

US and UK threaten to up the ante in the Red Sea: <\/strong>The US and the UK are looking to step up their fight against the Houthis in Yemen following fresh Houthi attacks on vessels sailing through the Red Sea, Bloomberg<\/a> reports. The two countries \u2014 who began carrying out strikes<\/a> on Houthi facilities across Yemen in the middle of January \u2014 are looking to attack Iranian resupplies and amp up their attacks against Houthi militants without having the conflict escalate into a broader war. Biden has pledged that US airstrikes on Yemen will continue, despite telling reporters<\/a> that they have done little to curb the Houthis\u2019 attacks in the Red Sea.<\/p>\n

The Houthis show no sign of slowing down: <\/strong>Houthi fighters launched two anti-ship ballisticmissiles at a US-owned commercial vessel on Thursday, marking the third such attack in a three-day period, US Centcom said in a statement<\/a>. The Houthi\u2019s leader said<\/a> in a televised speech on Friday that his group is \u201cconfronting America directly,\u201d and vowed that it would continue to attack vessels in the Red Sea until Israel\u2019s blockade on Gaza is lifted.<\/p>\n

The ramifications are being felt at home: <\/strong>Egypt has lost about USD 150 mn in Suez Canalrevenue due to ongoing Red Sea disruptions, Bloomberg\u2019s chief emerging markets economist Ziad Daoud said on X<\/a>. Daoud added that the amount is small in relation to our annual GDP of USD 400 bn+, but cautioned that the costs of disruption will continue to pile up and come amid a currency crisis in the country. Trade volumes through the canal fell almost 44% y-o-y during the week ending 19 January to a seven-day moving average of 2.8 mn tons, according to data<\/a> from the IMF\u2019s PortWatch.<\/p>\n

More and more shipments are avoiding the canal following the US-led strikes on Yemen: <\/strong>Oil shipments from Saudi Arabia and Iraqtotalling around 9 mn barrels are rerouting<\/a> away from the Red Sea and Suez Canal and are instead sailing around Africa\u2019s Cape of Good Hope, according to Bloomberg ship tracking data. Most of the shipments were diverted following the US and UK\u2019s airstrikes on Yemen on 12 January.<\/p>\n

CMA CGM\u2019s NEMO service joins the exodus:<\/strong> France\u2019s CMA CGM, the world\u2019s third-largest container shipping group, said<\/a> on Friday that its NEMO service connecting Europe with the Indian Ocean and Australia will temporarily stop crossing through the Suez Canal and will reroute around the Cape of Good Hope instead.<\/p>\n

Red Sea disruptions threaten global food security: <\/strong>Vessels carrying shipments of food andagricultural produce are among those avoiding the Red Sea by rerouting around the Cape of Good Hope, according to Bloomberg<\/a>. However, unlike shipments of oil, gas, or consumer goods, food shipments \u2014 especially shipments of agricultural produce \u2014 are at risk of spoiling as a result of lengthier shipping times. <\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt has so far lost some USD 150 mn in Suez Canal revenue due to ongoing Red Sea disruptions<\/p>\n","protected":false},"author":1,"featured_media":613769,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8271],"tags":[72,6984,7117,7360,7103,448],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-613768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-red-sea-watch","tag-enterpriseam","tag-middle-east-politics","tag-red-sea","tag-red-sea-watch","tag-suez-canal","tag-yemen","wpautop","entry"],"acf":{"mongo_id":"87769ba7-3953-43ee-8af4-32276afe3647","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1660.JPG","photo_position":"above","homepage_title":"","full_issue_title":"US, UK look for ways to step up campaign against Houthis. PLUS: Suez Canal transit volumes drop","related_issue":[613758],"teaser":"Egypt has so far lost some USD 150 mn in Suez Canal revenue due to ongoing Red Sea disruptions","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.ee0af262-1a56-4499-903c-9d12889ea84e.mp3"},"yoast_head":"\nUS, UK mull intensifying attacks on Houthis - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/21\/us-uk-mull-intensifying-attacks-on-houthis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US, UK mull intensifying attacks on Houthis\" \/>\n<meta property=\"og:description\" content=\"Egypt has so far lost some USD 150 mn in Suez Canal revenue due to ongoing Red Sea disruptions\" \/>\n<meta property=\"og:url\" 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