Prior to the attacks, they would pay a 0.02% insurance premium to transit the Red Sea – or $20,000. Now that has jumped to upwards of 1% - or a cool $1 million. That is, if insurers are willing to underwrite the ship at all – which several insurers are no longer willing to do with ships affiliated with the United States, United Kingdom or Israel, which the Houthis have vowed to target.
Skill issue, I would simply stop supply the genocidal ethnostate
Skill issue, I would simply stop supply the genocidal ethnostate
I’m gonna make a guess and say this is more effective than the sanctions imposed on Russia.