The Houthis, a Yemen terrorist group that supports Hamas, said they will target any ship traveling to Israel and have shut down the Red Sea shipping route, which connects to Mediterranean Sea through the Suez Canal.
Patrick Bet-David explains the global ramifications of such a critical shipping route being shut down.
Iran-backed militia groups have claimed credit for many of the attacks inflicted on U.S. military facilities in recent weeks. A report from Dec. 8th tallied 78 total attacks since the Israel-Hamas war broke out in early October, 37 of which were in Iraq and 41 in Syria.
In response to an attack on the Ebril Air Base on Christmas day, the U.S. launched retaliatory strikes on Iran-backed militia groups including Kataib Hezbollah. Other strikes on American forces were carried out by the Houthi.
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Who are these Houthis? They are a movement based in Yemen vying for control over the region. The Houthis are responsible for the hijacking of an cargo ship in the Red Sea about a month ago, the first of many attacks aimed at commercial vessels. An American warship was also attacked. These attacks have caused container companies to pause transit through the Red Sea, which threatens to significantly impact global trade.
The U.S. has assembled a ten-nation task force to confront the Houthi threat and secure the region to allow critical boats to pass through.
It turns out that previously mentioned boat hijacked by the Houthis was partially owned by Abraham “Rami” Ungar, one of the wealthiest men in Israel. The Houthis are specifically targeting Israeli ships, and generally attacking any boats to disrupt the global economy due to its perceived support of Israel.
The Houthi forces are five times the size of Hamas. They are bigger than Hezbollah as well, and possess an ample budget.
Approximately 10 percent of all maritime oil shipping passes through the Red Sea. About 15 percent of global shipping passes through the Suez Canal, and 30 percent of all container trade. It accounts for one trillion dollars in trade each year.
Watch the rest of Patrick’s video below to learn more about the Houthis and the potential consequences of a prolonged blockage of the Red Sea.
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