Bloomberg published on 1 May 2025 an article titled "How the Houthi Red Sea Ship Attacks Upended Global Trade" by Alex Langley, Paul Wallace, and Caroline Alexander.
Houthi attacks on international shipping in the Red Sea have caused the biggest disruption to global trade since the COVID-19 pandemic, forcing many ships to reroute around the southern tip of Africa. Since November 2023, the Iranian-backed Houthis attacked more than 130 vessels in the Red Sea as of early March 2025. Traffic through the Red Sea is 71 percent lower than 2023 levels and insurance is as much as ten times higher.
