Permanent ledger entry

Houthi Red Sea attacks turn the war into a shipping crisis

Part of Iran / Israel / U.S. / Lebanon / Energy crisis watch

MarketConfirmed

Event details

The Houthis hijacked the Galaxy Leader on Nov. 19 after earlier missile and drone attacks, expanding the conflict into the Red Sea route and pushing ships toward longer, costlier voyages around Africa.

Context

This is where the crisis became visibly global for trade and insurance. Red Sea disruption created the shipping-risk template now used to judge Hormuz threats and energy-market stress.

Local time
Nov 19 2023, 12:00 PM Yemen time; source gives date marker, exact hour not specified
Location
Red Sea / Bab el-Mandeb
Relationship
Background
Sources