Red Sea concerns

Missiles fired at US Navy warship alarms shipping industry.

Merchant ships off Yemen brace for more danger after attacks on navy craft

By Jonathan Saul

LONDON, Oct 10 (Reuters) – Missile attacks from Yemen on Western military craft risk spilling over into nearby busy sea lanes which could disrupt oil supplies and also other vital goods passing through the tense area, shipping and insurance sources say.

While shipping companies have yet to divert ships, there are growing worries that any further escalation could hinder oil supplies and potentially lead to higher insurance costs for shipments.

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Source: businessinsider.com