John Kirby

Red Sea Shipping Traffic Craters as Iran-Backed Houthi Attacks Continue

The Financial Times (FT) reported on Wednesday that container ship traffic through the Red Sea and Suez Canal was down an astonishing 90 percent year-on-year for the first week of January – meaning attacks by the Iran-backed Houthi terrorist of Yemen have almost completely shut down one of the world’s most vital shipping lanes.

A ship transits the Suez Canal towards the Red Sea on January 10, 2024 in Ismailia, Egypt.