Houthi Attacks on Ships in Red Sea Have Limited Economic Impact, But Disrupt Shipping
• Houthi attacks having limited impact on prices and trade to Israel • Attacks aimed at ships in Red Sea in solidarity with Palestinians against Israel • Disrupted global shipping, forcing rerouting and increasing costs • At most attacks could contribute 1% point increase to Israel’s CPI • U.S. and UK striking Houthi targets but attacks vowed to continue