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DAILY NEWS ANALYSIS

  • 27 December, 2023

  • 2 Min Read

Operation Prosperity Guardian

Houthi militants from Yemen have attacked or seized commercial ships near the Red Sea amidst the ongoing Gaza war.

  • It is a multinational security initiative in the Red Sea.

Launched by – USA

Partner countries – UK, Bahrain, Canada, France, Italy, Netherlands, Norway, Seychelles and Spain have joined and others.

  • Coordinated by – Combined Maritime Forces, Task Force 153.

The Combined Maritime Forces is a multi-naval taskforce with 39 members including India and Pakistan. It was set up in 2022 to improve maritime security in the Red Sea, Bab el-Mandeb and the Gulf of Aden.

Role – Increased presence of military ships and joint patrols.While they will not necessarily escort a specific vessel, they will provide umbrella protection to as many as possible.

Red Sea

  • The nearly 2,000-km Red Sea connects the Mediterranean Sea with the Indian Ocean via the narrow Suez Canal (since 1869).
  • Importance – According to the US agency, the Suez Canal accounted for 9.2 million barrels per day of total oil flows in the first half of 2023.
  • Another estimate says that about 12% of global trade depends on the Suez Canal, compared to 5% on the Panama Canal.
  • Impact of attacks – Oil prices rose fearing about the problems that could confront global shipping and logistics.
  • The journeys could increase by 2 weeks because of the re-routing through Africa.
  • A container bound for the Middle East will now attract a war risk surcharge.

The Houthis are Zaydi Shias, a sub-sect of Shia Islam are in civil war with the Yemen government by controlling northern Yemen, including the capital Sanaa while the government now operates out of Aden.

Source:

  • 23 December, 2023

  • 2 Min Read

Operation Prosperity Guardian

Houthi militants from Yemen have attacked or seized commercial ships near the Red Sea amidst the ongoing Gaza war.

  • It is a multinational security initiative in the Red Sea.
  • Launched by – USA
  • Partner countries – UK, Bahrain, Canada, France, Italy, Netherlands, Norway, Seychelles and Spain have joined and others.
  • Coordinated by – Combined Maritime Forces, Task Force 153.

The Combined Maritime Forces is a multi-naval taskforce with 39 members including India and Pakistan. It was set up in 2022 to improve maritime security in the Red Sea, Bab el-Mandeb and the Gulf of Aden.

  • Role – Increased presence of military ships and joint patrols.
  • While they will not necessarily escort a specific vessel, they will provide umbrella protection to as many as possible.

Red Sea

  • The nearly 2,000-km Red Sea connects the Mediterranean Sea with the Indian Ocean via the narrow Suez Canal (since 1869).

Importance – According to the US agency, the Suez Canal accounted for 9.2 million barrels per day of total oil flows in the first half of 2023.

  • Another estimate says that about 12% of global trade depends on the Suez Canal, compared to 5% on the Panama Canal.

Impact of attacks – Oil prices rose fearing about the problems that could confront global shipping and logistics.

  • The journeys could increase by 2 weeks because of the re-routing through Africa.
  • A container bound for the Middle East will now attract a war risk surcharge.

The Houthis are Zaydi Shias, a sub-sect of Shia Islam are in civil war with the Yemen government by controlling northern Yemen, including the capital Sanaa while the government now operates out of Aden.

Source:


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