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Free AccessHouthi Leader Says Group Is Looking To 'Escalate' Red Sea Operations
Following earlier reports regarding an attack on a vessel in the Gulf of Aden (see 0814GMT and 0851GMT bullets), UK Maritime Trade Operations (UKMTO) state that the ship located 70NM southeast of the Yemeni city of Aden 'has sustained minor damage' but that the vessel and crew are safe and it is proceeding to its next port of call.
- Comes as the leader of the Houthis Abdul-Malik al-Houthi has stated that the group's "operations in the Red Sea continue, and we are looking to escalate them." Adds that the group have introduced 'submarine weapons' in its sea operations. Al-Houthi claims that the attacks continue due to the US and UK's support for Israel's actions in Gaza.
- With US-led airstrikes on Houthi targets having the potential to degrade rather than halt attacks on shipping, the prospect of a swift resolution that could see shipping flows through the Red Sea return to normal levels appears unlikely.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.