Trump Administration Voice Business Loss In Leaked Plan For Attacking Houthis
Washington DC, US: Red Sea crisis became the centre of attention in the leaked plans of Trump administration in bombing Yemen. The plans which were made on Signal messaging app not only screamed security breaches, but also revealed the inside talks of Trump administration.
In the chat revealed by The Atlantic magazine’s editor in chief Jeffrey Goldberg, US National Security Advisor Michael Waltz said that it should be US to reopen this busiest trade unit instead of Europe, which according to him, does not have the “capability to defend against the types of sophisticated, antiship, cruise missiles, and drones the Houthis are now using.”
The Trump administration were also talked about the huge thump in business caused due to the attack from the Houthis.
Also Read: “Shocking Breach”: Trump Administration Accused Of Discussing Bombing Yemen In A Group Chat
In the chat, Waltz said that it is difficult to break it down on the trading percentage of US out of 15 percentage of the global trading traffic through the Red Sea, because “much of the container either going through the red sea still or around the Cape of Good Hope our components going to Europe that turns into manufactured goods for transatlantic trade to the United States”.
The Suez Canal in the Red Sea is one of the busiest trade route, as it constitutes 15 percentage of all the global trade, and 30 percentage of the global container traffic. Since the Houthis, militant group of Yemen, started to attack commercial vessels linked to Israel, the trade traffic fell rapidly. Houthis unleashed the attack pledging solidarity with the Palestinians in Gaza.
As a result of the Red Sea crisis, several shipping companies are forced to take the Cape of Good Hope route of South Africa, which is a lengthy detour of 4,000 miles, causing a sharp spike in the freight rate, and time consumed.
As a result of the continued diversion, the transit times from southeast Asia to the U.S. East Coast increased by 47 percent from the first Houthi attack in November 2023 to February 2025, according to from Project44. The southeast Asia to Europe route had a 33 percent longer time, while China-to-Europe transit times have risen by 25 percent, the report said.
Also Read: Trump To Fire NSA Mike Waltz Over Leaked US Houthi Strikes Chat: Report
As per Clarksons Research, the Red Sea transit volume was still down to 71 percentage, even though Houthis stopped attacking after Israel-Hamas reached a ceasefire deal. The attack restarted when Israel launch continued to bomb Gaza, violating the deal.
According to Kpler MarineTraffic data, 166 vessels adjusted their routes to transit through the Suez Canal instead of using the Cape of Good Hope route since the start of February. Half of the EUs fuel shipments in March have transited through the Suez Canal during the ceasefire period, it said.
