Yemen’s Houthi rebels attack a US-owned ship in the Gulf of Aden with bomb-carrying drone

18 Jan 2024 · 3 min
2:33

Oil analyst Omid Shokri explains how Houthi drone attacks in the Gulf of Aden threaten a corridor carrying 12% of world trade and 40% of EU commerce. The disruption has raised freight rates, extended shipping routes, and increased insurance costs, straining manufacturers like Tesla and pushing inflation higher across Europe.

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