The Suez Canal, one of the most important waterways in the world, is facing serious trouble. Recently, its revenues have dropped by a massive 60%, and nearly half of the ships that usually pass through this crucial route are now avoiding it. But why is this happening, and what does it mean for global trade?

The Houthi Attacks and the Conflict in Gaza

The major reason behind this decline is the escalating conflict in the Middle East. Yemeni fighters, known as the "Ansar Allah" movement...