4 More Rescued in Red Sea
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11hon MSN
Four people are presumed dead and 11 others are still missing after a Liberian-flagged cargo ship sank in the Red Sea following an attack by Yemen's Houthi rebels, a European Union naval mission said Friday.
The cost of insuring commercial ships that sail past Yemen’s Houthi militants surged after the rebels sank two ships and killed sailors this week, underscoring how the attacks have revived risk in the crucial waterway.
The U.S. military spent hundreds of millions of dollars earlier this year in a six-week barrage intended to stop the Iran-backed Houthi rebels in Yemen from targeting ships in the Red Sea.