The ‘No-Fail' Mission to Protect the Red Sea Isn't Working [BNN Bloomberg (Canada)]
Abercrombie & Fitch Company (ANF)
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Source: BNN Bloomberg
Eisenhower into the heat of the Red Sea morning, scrambling to counter the latest attack drone launched by the Houthis. The $56 million aircraft were part of a coalition operation that nullified the attack, returning hours later as they have almost daily for the last several months. Yet for all the costly hardware the US and its allies have thrown at the Islamist group from northwest Yemen, they haven't been able to stop the attacks on civilian freighters and warships. As a result, the world's biggest shipping companies are still largely avoiding a route that once carried 15% of global commerce. The success of the Iran-backed rebel group in stymying the world's most sophisticated militaries is the latest setback for Washington's efforts to limit the spread of a regional conflict that began with Hamas' deadly attack on Israel on Oct. 7. The Houthi campaign, which claimed its first civilian ship sunk in early March and its first fatalities not long after, is also a growing threat
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