Houthi Red Sea stand down: ‘Seismic’ impact on shipping

The Houthis have seen enough. The tenuous Gaza ceasefire has led the Yemen-based militia to announce a pause in attacks on merchant vessels in the Red Sea, raising hopes for a return of large-scale container shipping to the Suez Canal trade route for the first time since 2023. The rebels, who control 40% of Yemen, communicated their intentions this week in a letter to Hamas, the Palestinian governing body in Gaza. Expectations were further heightened at a recent summit of ocean carriers hosted by Suez C ...