#Cargo

Attack on Cargo Vessel Off Yemen Escalates Red Sea Security Concerns

A cargo vessel came under attack from armed assailants on Sunday approximately 30 nautical miles southwest of Al Hudaydah, Yemen, according to UK Maritime Trade Operations. The incident marks the latest security threat in the Red Sea, where the Houthis, an Iranian-backed militant group controlling much of Yemen, declared a ban on Israeli ships in June. The region has become critical for Saudi oil exports since the Iran war closed the Strait of Hormuz.