Red Sea Shipping Crisis: How It May Impact Your Small Business

Inc.
January 11, 2024
Sarah Lynch

Trade is under attack in the Red Sea--and for business owners, it's another lesson in the importance of understanding your supply chain inside and out.

Since the start of the Israel-Hamas war on October 7, Houthis--Iranian-backed rebels--have threatened to target ships traveling to or from Israel to show their support of Hamas. Through the ongoing conflict, the group has attacked ships with no apparent ties to Israel, too, culminating in at least 25 merchant vessel attacks in the Red Sea since mid-November, according to the U.S. Department of Defense.

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