Houthi’s Disruption of Global Shipping Adds to Global Instability

The Yemen-based Houthi terrorists have disrupted global shipping routes by attacking civilian ships in the Red Sea as Iran, China, and Russia align to present a new challenge to the West, according to experts. Earlier this month, North Korea fired hundreds of artillery shells in the waters near South Korean islands, threatening to attack South Korea with nuclear weapons if necessary. Russia continues its assault on Ukraine, and China is also threatening to use force to take over Taiwan. In the first two weeks of January, the number of cargo ships passing through the Suez Canal on the tip of the Red Sea dropped to 150 from 400 in the same period last year, as a result of the Houthi terrorist attacks on Red Sea civilian vessels. Shipping companies have quadrupled the price of containers traveling from Asia to Europe, partly to cover the extra cost of sailing around Africa. Those continuing to use the Red Sea route face significantly higher insurance premiums....