Ongoing Houthi rebel attacks in the Red Sea have disrupted global trade and shipping, reducing container transport by over 50%.

The UN Security Council has passed a resolution condemning these attacks, highlighted violations of the arms embargo, and urged the release of a seized Japanese-operated vehicle carrier.

The US and UK have hinted at possible military strikes in response to the attacks, with the UK setting up a taskforce to protect international shipping.

Efforts to address the attacks have so far been unsuccessful, leading to calls for the reopening of the Bab-el-Mandeb strait for safe passage.

The US and UK have conducted airstrikes on Houthi military positions in Yemen to deter further attacks, raising tensions with Iran and sparking vows of a strong response from the Houthi leader.

Several shipping companies have suspended operations due to the situation, causing potential supply chain disruptions.

The US administration is emphasizing a diplomatic solution but is also ramping up their response.