Wall Street Journal: Red Sea Operations Raised Shipping Costs and Disrupted Global Trade

The “Wall Street Journal” highlighted on Sunday the ongoing economic repercussions of Yemeni military operations in the Red Sea and the Bab Al-Mandeb Strait during the period of supporting Gaza and the Iran war, pointing to rising shipping and insurance costs and disrupted trade between Asia and Europe.

Special Follow-ups – Al-Khabar Al-Yemeni:

The newspaper stated in its report that shipping risk surcharges rose to about $3,000 per container, coinciding with increased maritime transport costs on several trade routes, prompting many shipping companies to reroute their ships via the Cape of Good Hope, which was reflected in transport costs and commodity prices.

The report added that the continuation of these disruptions imposes increasing pressures on shipping companies and global supply chains and reflects the challenges facing Western efforts to secure navigation in the Red Sea, amid the continuation of attacks and their persistent impact on one of the world’s most important maritime passages.

During the period of the Israeli genocide war on Gaza, Sana’a imposed a ban on Israeli and American maritime navigation in the Red Sea, while their attempts to break the blockade failed despite the military bombing campaigns they launched on Yemen, which proved the effectiveness of the Red Sea card in achieving victory for the Palestinian people and protecting Yemeni, Arab, and Islamic interests.