Israeli-Hamas Conflict Escalates: Attacks in Red Sea and Impact on Global Trade via Suez Canal

2023-12-19 22:44:47
The conflict between Israel and Hamas has intensified as Iran-backed Houthis in Yemen have joined the fight, posing a challenge in the Red Sea. The Houthis have targeted US and Israeli warships, as well as merchant ships, leading to a crisis in global trade through the Suez Canal. As a result, three major shipping agencies, including MSC, have suspended cargo movement through the canal. The situation escalated further when a Liberian cargo ship was attacked and destroyed by the Houthis, and the US Central Command announced the destruction of 14 drones in the Red Sea using a missile defense system. In response to the escalating conflict, Prime Minister Narendra Modi of India held a discussion with Israeli Prime Minister Benjamin Netanyahu, expressing his concerns over the spread of the conflict to the Red Sea.
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