Analysts are cautioning that the recent attacks on commercial ships in the Red Sea, orchestrated by Houthi rebels in Yemen, have the potential to drive up the prices of oil and other goods. In response to the attacks, several companies have temporarily halted shipments through the affected route. Maersk, the world's second-largest shipping line, announced its decision to reroute some vessels around Africa's Cape of Good Hope. The severity of the situation has prompted the United States to initiate an international naval operation aimed at safeguarding ships navigating the Red Sea route. Participating countries in this security effort include the UK, Canada, France, Bahrain, Norway, and Spain.
