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Shipping through the Red Sea was ground to a near halt amid a spate of ongoing attacks launched by the Houthis, according to U.S. intelligence released in June. The Houthis, an Iranian-backed terrorist group, have conducted a series of attacks against vessels in the Red Sea since November out of support for Hamas, another terror group that attacked Israel on Oct. 7. As a result of the Houthis actions, container shipping through the Red Sea channel — which accounts for 10 to 15% of all maritime trade — dropped by 90% as of February, according to a U.S. Defense Intelligence Agency (DIA) report f…

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