Houthi Red Sea attacks turn the war into a shipping crisis

The Houthis hijacked the Galaxy Leader on Nov. 19 after earlier missile and drone attacks, expanding the conflict into the Red Sea route and pushing ships toward longer, costlier voyages around Africa.

Why this matters. This is where the crisis became visibly global for trade and insurance. Red Sea disruption created the shipping-risk template now used to judge Hormuz threats and energy-market stress.