There is more trouble in the Red Sea as ongoing fighting continues to prove troublesome for ag shipping.
Houthi rebels continued their attacks over the weekend, even striking a U.S. navy vessel. Last week, the group began targeting Israeli-linked ships in the Red Sea due to the current conflict in Gaza. They have controlled much of the Arabian peninsula since the conflict began, forcing ships to bypass the Suez Canal and take a longer route.
President Donald Trump ordered the U.S. military to strike at the Houthi’s.
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Lower shipping costs alone will not restore export competitiveness.
