Israel-Hamas Conflict Escalates in Red Sea: Impact on Global Trade and International Relations

2023-12-19 20:44:47

Gaza ∙ Iran-backed Houthis in Yemen have also intensified their advance, raising a challenge in the Red Sea as Israel intensified its missile attacks and ground war.

The Houthis have attacked US and Israeli warships with missiles and drones, targeting merchant ships as well. With this, the global trade through the Suez Canal was in crisis. 3 merchant shipping agencies, including MSC, the world’s largest container shipping company, have suspended cargo movement through the Suez Canal.

The Liberian cargo ship Platium Three was attacked by the Houthis in the Red Sea last week. There was no loss of life but the cargo was destroyed in the fire. Another Liberian ship was also hit by a missile. The US Central Command announced that 14 drones were destroyed in the Red Sea using a missile defense system.

Modi-Netanyahu held a discussion

New Delhi ∙ Prime Minister Narendra Modi and Israeli Prime Minister Benjamin Netanyahu had a phone conversation. Modi conveyed to Netanyahu his concern over the spread of the Israel-Gaza conflict to the Red Sea.

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