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Just How Much Are Houthis Earning from Ship Threats?

Red SeaThursday, November 7, 2024

Imagine this: Houthi rebels in Yemen are making a staggering $180 million each month just by threatening ships. Yes, you read that right! A new study for the United Nations Security Council says these rebels are raking in around $2 billion a year. This isn't your average protection racket; it's happening in critical waterways like the Red Sea and the Gulf of Aden.

Since November 2023, the Houthis have been using drones, missiles, and watercraft to attack ships. This route is vital because it connects Asia, the Mediterranean, and the east coast of North America. It's also a gateway to the Suez Canal and the Gulf of Aden. These attacks have been deadly, resulting in four deaths and two ships being sunk. The Houthis claim they're only targeting ships linked to Israel. However, the study found that they've also attacked vessels from countries backing them, such as Iran. This raises the question: Is this all about politics or just plain extortion?

united nations security council iran israel gulf of aden east coast of north america asia red sea yemen

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