Iran Withdraws From the Red Sea

Iran Withdraws From the Red Sea

With two US Carrier Strike Groups (CSGs) now operating in the area, it appears that the regular Iranian Navy (Nedaja) has withdrawn from the Red Sea...

Supply Chain Now’s Guide to the Red Sea Crisis - Supply Chain Now Supply Chain Now Provides Guide to the Red Sea Crisis

An estimated 12% of global trade worth more than $1 trillion traverses the Red Sea each year. When Houthi rebels started attacking commercial vessels in November 2023, ocean carriers began rerouting container ships around Africa’s Cape of Good Horn rather than through the Suez Canal on voyages from Asia to Europe. That greatly increased travel time and costs.    As of March of this year, shipping through the Red Sea was still down 70% from befor…