Suez Canal Faces $550 Million Monthly Loss Amid Escalating Red Sea Tensions

Over the weekend of August 3–4, 2024, Yemen’s Houthi rebels launched a missile at the container ship Groton in the Red Sea, 225 kilometers southeast of Aden. While the crew escaped unharmed, the vessel sustained minor damage. This attack ended a two-week pause in the Houthis’ maritime assaults. In addition, the attacks are more than […]