Houthi squeeze on Red Sea shipping risks enormous cost to global economy  ...Middle East

The Houthi rebel group in Yemen has almost completely shut down a key shipping route in the Red Sea, costing the global economy and setting up a huge challenge for the White House.  The relentless Houthi attacks on merchant vessels and commercial boats pushed several of the world’s largest shipping companies to cancel transits through the Red Sea. Oil-producing giant BP also decided to avoid the shipping lane. Now, merchant boats are forced to take the long way around, circling Africa and the Cape of Good Hope to reach their destinations.  Nick Childs, a senior fellow for naval forces and maritime security at the International Institute for Strategic Studies (IISS), said the Red

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