Maersk has suspended shipping through the Red Sea and Suez Canal — one of the world’s most important maritime trade routes — “until further notice” as it continues to review security following an attack on one of its vessels.
The extended suspension reflects concern among international shipping giants about attacks on ships in the Red Sea by Iranian-backed Houthi militants, who say they are taking revenge against Israel for its military campaign against Hamas.
A prolonged campaign targeting commercial vessels could disrupt the global economy by delaying deliveries of goods, fuel and food, and pushing up prices.