US Encourages Shippers to Traverse Red Sea Despite Ongoing Houthi Attacks

US Encourages Shippers to Traverse Red Sea Despite Ongoing Houthi Attacks

VoM News Desk | December 29, 2023 | 11:12 AM IST | Europe, United States of America, World | Follow on Google News

US Encourages Shippers to Traverse Red Sea Despite Ongoing Houthi Attacks. Image/Bloomberg

US Encourages Shippers to Traverse Red Sea Despite Ongoing Houthi Attacks

US military reassures shipping companies amid Houthi attacks in the Red Sea and Suez Canal.

The Pentagon is in contact with the industry to provide reassurance that a multinational force is making it safe to sail through the Red Sea and Suez Canal.

However, the lack of oil supply disruptions is offsetting the support to prices from ongoing geopolitical tensions in the Middle East. Shipping companies are still looking for the American-led coalition to do more. Half of the container-ship fleet that regularly transits the Red Sea and Suez Canal is avoiding the route now because of the threat of attacks.

Many tankers and container ships are resorting to the longer route around the southern tip of Africa, which may lead to higher prices for oil and a variety of consumer goods.

The US-led coalition brings together forces from the UK, Bahrain, Canada, France, Italy, the Netherlands, Norway, the Seychelles, Spain, Australia, and Greece, as well as some other nations that don’t want to be named.

The military hasn’t spelled out details of how it will operate. The operation will continue indefinitely.

VoM News Desk

VoM News is an online web portal in jammu Kashmir offers regional, National & global news.