Live
โ† DashboardยทSituation Report
ONGOINGCRITICAL RISK

Red Sea & Bab-el-Mandeb Crisis โ€” Houthi Attacks on Commercial Shipping

Background

Since October 2023, Houthi forces based in Yemen have conducted a sustained campaign of missile, drone, and naval mine attacks against commercial vessels transiting the Red Sea and Bab-el-Mandeb Strait. The Houthis claim the attacks are in solidarity with Gaza. The campaign has triggered the largest disruption to global shipping since the Suez Crisis, forcing most major carriers to reroute vessels around the Cape of Good Hope โ€” adding 10โ€“14 days and thousands of dollars per voyage.

Current Status

Attacks continue intermittently. US-UK coalition airstrikes (Operation Prosperity Guardian / Operation Poseidon Archer) have degraded but not eliminated Houthi capabilities. An estimated 80โ€“90% of shipping that previously transited the Suez Canal now diverts via the Cape route. War-risk insurance premiums for Red Sea transits remain 5โ€“10ร— pre-crisis levels. Ceasefire talks between the US and Houthis have been reported but attacks continue.

Key Events Timeline

2025-03-01

Attacks resume after ceasefire collapses; Red Sea remains high-risk zone

2025-01-15

Gaza ceasefire announced; Houthis declare conditional pause in attacks

2024-09-15

Greek-operated tanker Sounion attacked; floats abandoned for weeks

2024-07-19

Houthi drone kills Israeli citizen in Tel Aviv โ€” first direct hit on Israel

2024-03-06

True Confidence bulk carrier struck; three crew killed โ€” first fatalities

2024-02-18

UK-registered Rubymar bulk carrier struck; sinks 12 days later โ€” first vessel lost

2024-01-11

US and UK conduct first joint strikes on Houthi targets inside Yemen

2023-12-18

US launches Operation Prosperity Guardian multinational maritime coalition

2023-12-11

MSC, CMA CGM suspend Red Sea transits; Maersk and others follow

2023-11-19

Houthis seize Israeli-linked Galaxy Leader car carrier in Red Sea

2023-10-19

Houthis launch first missiles and drones toward Israel; Red Sea shipping put on alert

Live Risk Data

Other Situations