Shipping giant Moller-Maersk on Monday halted transit through the Red Sea after an attack on one of its vessels by Iran-backed Houthi rebels heralded a sharp escalation of violence in the vital waterway.
The world’s No. 2 container line said it would suspend all Red Sea transit for 48 hours to assess the security situation. The US Navy said it was fired upon when responding to a distress call from the Maersk Hangzhou, resulting in the sinking of three Houthi boats and the death of their crews.
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AP
Mark Mulligan is the world editor and a former markets and economics writer. He was a Financial Times correspondent. Connect with Mark on Twitter. Email Mark at mark.mulligan@afr.com.au
