Photo source: Foreign Policy By Naveed Qazi | Editor, Globe Upfront Due to a wave of Houthi missile attacks in Red Sea, shipping companies are departing it in droves. In 2023, the Iran-backed Yemeni group has launched at least 100 missiles and drone attacks against a dozen ships in the Red Sea, according to US officials. They threatened to target all vessels heading toward Israel, whether they are Israeli-owned or operated. To avoid suffering the same fate, major energy and shipping companies, including BP and Maersk, have halted their operations there. It has rattled the energy markets by driving up global oil prices and soon everything else. The Red Sea is what connects Asia to Europe, in terms of cargo ships, so disruptions are felt around the world. The Houthi attacks ‘have created worries for global freight markets, for the flows of energy commodities, other commodities, goods,’ said Richard Bronze, the head of geopolitics at Energy Aspects, a research firm, to Foreign...