- Abdul-Malik al-Houthi declares firm stance against transport of Israeli goods
- Insurance costs for Red Sea shipping more than double following recent attacks
- Red Sea traffic plunges amid renewed Houthi assaults; over 100 ships targeted since Nov 2023
- U.S.-Houthi deal to halt strikes does not exempt Israeli-linked shipping
Yemeni Houthi leader Abdul-Malik al-Houthi reaffirmed on July 10 that his forces will not allow any company to transport goods connected to Israel through designated maritime zones. Speaking during his weekly televised address, he declared:
“It is not permissible for any company transporting goods for the Israeli enemy through the declared area of operations. Our position in this regard is firm.”
Insurance Rates Surge After Renewed Strikes
Following a period of relative calm, recent deadly Houthi attacks on two vessels—resulting in at least four seafarer deaths—have more than doubled marine insurance costs for Red Sea transits, according to industry sources.
Sustained Shipping Disruption Since 2023
The Red Sea, a vital corridor for global oil and commodity trade, has seen vessel activity fall sharply since the Houthis began their campaign in November 2023. Citing solidarity with Gaza during the Israel-Hamas war, the group has attacked more than 100 commercial ships through December 2024.
Limited Scope of U.S.-Houthi Agreement
While a U.S.-brokered arrangement in May aimed to curb violence by pausing airstrikes in exchange for a halt in Houthi maritime attacks, the Houthis made it clear the deal excludes any vessels linked to Israel. As a result, operators with ties to Israeli ports or ownership remain at elevated risk.
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Source: Marine Link
