Houthi threats prompt shipping companies to rethink Suez Canal use ...Middle East

In light of the constant Houthi attacks on commercial vessels sailing near Yemen’s coasts, several shipping companies have announced in recent days that they will halt their ship flow through the Suez Canal until sailing in the Red Sea is safe again. For more stories from The Media Line go to themedialine.org If this domino-like trend continues, Egypt could face massive foreign currency income losses and devaluation of its currency. Furthermore, if the situation continues for long enough, alternative trade routes could become more frequented. Since the beginning of the Israel-Hamas war on October 7, the Houthi militia in Yemen has been actively participating by constantly launching roc

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