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Houthis Claim Third Red Sea Ship Attack as Trade Risks Rise
Houthi rebels claimed a third Red Sea attack on container ships in the last two days. A ship operated by Hapag-Lloyd AG, Germany’s largest container carrier, was attacked in the Red Sea on Friday — an apparent widening of the targets beyond vessels with significant business ties to Israel. It’s the latest example of ships traveling through the Middle East facing greater risk of attacks on crews and cargo, threatening to squelch a recovery in global trade and boost transportation costs just as inflation is cooling across the world. Incidents in the Red Sea could force ships to sail around Africa’s Cape of Good ... (full story)