The situation in the Red Sea has festered and the crisis has escalated further. Yemen's Houthis claim to have launched an attack on a British oil tanker, the most significant Houthi attack on an oil tanker to date. The oil tanker of the Tok Group was hit by a Houthi missile in the Red Sea and was on

With the sharp decline in merchant shipping activity in the Red Sea and the continued rise in container ship rates on the Europe-Asia route, international shipping is facing a new threat of "Mediterranean or bust".The gross tonnage of container vessel arriving in the Gulf of Aden has plummeted 82 pe