Since Hamas’ attack on Israel October 7th, Iran-backed Houthi rebels — which control large portions of northern Yemen — have attacked numerous commercial ships making their way to the Suez Canal in Egypt. The tensions have prompted major shipping companies to reroute their ships through the Cape of Good Hope at the southern tip of Africa. It’s a much longer route that’s costing companies millions just as consumers spend big for the holidays. SEE MORE: US and Britain say their navies shot down 15 drones over the Red Sea The Houthi threat comes after Defense Secretary Lloyd Austin announced a multi-national coalition that will work to protect shipping in the Red Sea. The State Department is
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