Risks to shipping in the Red Sea

Iran asserts its dominance over Gulf trade routes, and China benefits

Ed: Please see the follow up piece, here

On 19 November, the Ansar Allah (Houthi) Movement announced that it had seized an allegedly Israeli-owned vessel named Galaxy Leader, a Bahamas-flagged vehicle carrier owned by Israeli billionaire’s Rami Unger’s Ray Shipping and managed by Stamco Ship Management Co. The ship was en-route from Türkiye to India. Thi…