Egypt reports $6B loss from Houthi attacks on commercial shipping ...Iraq

Shafaq News/Egyptian Foreign Minister Badr Abdel Aati announced that Houthi attacks oncommercial vessels transiting through the Bab al-Mandeb Strait and the southernRed Sea have inflicted severe economic losses on Egypt.In a meetingwith Arsenio Dominguez, Secretary-General of the International MaritimeOrganization (IMO), Abdel Aati detailed the ramifications of these attacks, particularlyimpacting revenues from the Suez Canal, which are estimated to be around $6billion.SinceNovember 2023, the Houthi group has escalated assaults on vessels they allegeare linked to Israel in the Red Sea, claiming their actions are in solidaritywith Gaza. Their operations have extended to targeting American and

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