Core Viewpoint - The announcement of a ceasefire agreement in Gaza by the Israeli military is expected to end the prolonged "Red Sea shipping crisis," leading to a potential recovery in global supply chain efficiency and a decrease in container shipping rates [1][2]. Group 1: Market Reactions - Following the ceasefire announcement, shares of Danish shipping giant Maersk fell by 2%, reflecting investor expectations that the reopening of the Red Sea-Suez Canal route will release shipping capacity previously diverted around the Cape of Good Hope [1][2]. - Since 2023, the Houthis have launched hundreds of missile and drone attacks on commercial vessels in the Red Sea and Gulf of Aden, increasing transportation times and fuel costs for the global shipping industry [2]. Group 2: Insurance Industry Response - In contrast to the capital markets, the insurance industry has chosen to remain cautious, with war insurance rates for high-risk areas like the Red Sea and Gulf of Aden remaining stable despite the ceasefire [3]. - Insurance companies are waiting for clear evidence that the ceasefire between Israel and Hamas will hold before considering any adjustments to their rates, prioritizing recovery from significant losses incurred due to recent attacks [3]. Group 3: Houthi Oversight and Conditions - The ultimate resolution of the Red Sea crisis is contingent upon the actions of the Houthi movement, which has temporarily halted attacks on Israel but maintains a vigilant stance regarding the ceasefire [4][5]. - Houthi leader Abdul-Malik al-Houthi has stated that the group will monitor the implementation of the ceasefire, ensuring that Israel ceases military actions in Gaza and that humanitarian aid reaches the Palestinian people [5].