Attacks by the Yemen-based Houthi militant group against ships travelling through the Red Sea have sent shockwaves through the global trading system. Zaynab Hoosen considers the impact of persistent tensions in the Middle East on the global shipping sector and spillovers that have impacted Egypt and Europe.
2021 saw a number of key developments on the war front, from Afghanistan’s fall to the Taliban to the dramatic turnaround in Ethiopia’s Tigray conflict. With little in terms of resolution to armed conflicts across the globe, 2022 is likely to see war remain a major threat in parts of Asia, Africa, Middle East, the Caucasus, and eastern Europe, with…
With no clear solutions to the Houthi conflict, a political stalemate in Aden and a worsening humanitarian crisis, the increasingly fragmented security environment in Yemen presents new and renewed threats to citizens, neighbouring Saudi Arabia and the commercial maritime sector alike, writes Gabrielle Reid.
Saudi Arabia, the world’s largest crude exporter, has suspended all its oil shipments through the Bab Al Mandeb Strait at the southern tip of the Red Sea, following an attack on two vessels by Yemeni Houthi fighters. This article assesses how the ongoing conflict in Yemen impacts the region’s maritime and oil and gas operations.