Houthis hijack ship in major global shipping lane


Yemen’s Houthi rebels have released footage of their Sunday hijacking of a cargo ship in the Red Sea’s international waters off Yemen.

The term ‘rebels’ implies a ragtag outfit, but Houthi capabilities include aircraft, drones, missiles, and troop estimates reaching up to 200,000 (the decentralised group draws on Yemen’s broader Houthi tribe, making precise numbers tricky).

The Iran-backed Houthis say they hijacked the massive Galaxy Leader ship in response to Israel’s “heinous acts against our Palestinian brothers”.

And the potential ripple effects here are big.

First, this vessel is a classic illustration of global shipping today. It was reportedly:

  • 🇯🇵 Japan-operated
  • 🇬🇷 Greece-managed
  • 🇧🇸 Bahamas-flagged
  • 🇮🇲 Isle of Mann (UK)-registered
  • 🇮🇱 Part-owned by Rami Ungar (an Israeli billionaire)
  • 🇹🇷-🇮🇳 Travelling from Turkey to India, and
  • 🇧🇬🇷🇴🇺🇦🇲🇽🇵🇭 Bulgaria, Romania, Ukraine, Mexico and Philippines-crewed (all 25 of whom are now held hostage in Yemen’s Hodeidah port area).

That’s a lot of capitals now paying attention.

Second, the list of capitals paying attention gets longer when you consider that a fifth of the world’s oil passes through this chokepoint. At least two cargo ships have now diverted, and many were already diverting from the Panama Canal, where a drought has cut shipping capacity. Now, going the long way around Africa adds another 26 days to the trip. And this all puts pressure on global trade.

Third, it’s a reminder for Israel that its actions in Gaza will continue to face blowback around the world.

For now, Israel and the US are blaming Iran, which is denying any role, while Japan is making direct contact with the Houthis and urging others to help. France also pointed out that none of this helps Yemen’s impoverished people.

INTRIGUE’S TAKE

Given the critical importance of this waterway, the hijacking will inevitably draw more international naval assets to the region, raising the stakes higher.

And this, all just as Israel and Hamas agree to hit pause.

Also worth noting:

  • The US is reportedly reviewing whether to restore the Houthi rebels to the US terrorist list, after removing them from the blacklist in 2021 to assist with humanitarian assistance to Yemen. 
  • After the US-led invasion of Iraq in 2003, the Houthis adopted the slogan, “God is great, death to the U.S., death to Israel, curse the Jews, and victory for Islam”. A Houthi politburo member tweeted the same motto on Sunday.
Latest Author Articles
The top 3 quotes from Jackson Hole

The Super Bowl for economists (aka the Jackson Hole Economic Policy Symposium) just wrapped on Saturday, so let’s get you the top three quotes, starting with… There’s always been tension in the Fed’s dual mandate of chasing maximum employment versus stable prices. But the chair suggested this tension now looks different. Why? He argued President […]

25 August, 2025
The Alaska summit: winners, losers and those in between

So Alaska ended much as we foreshadowed: no deal. But ‘no deal’ doesn’t mean ’empty-handed’. Here’s a quick tally of the ‘wins’ each side is now claiming (agree or not). Putin’s arguable wins fall into three categories: perception, isolation, and negotiation: On the perception front, Kremlin propagandists argue that in a single afternoon, Putin shrugged […]

18 August, 2025
The Trump-Putin summit: the view from Europe

When news broke that Presidents Trump and Putin were ironing out the details on an Alaska summit (likely at Joint Base Elmendorf-Richardson), Europe’s initial response was wtf.  But there’s no feeling of strategic exclusion that jumping on a quick Zoom call can’t fix, so that’s what President Trump did with his counterparts from Ukraine and […]

14 August, 2025
The Alaska Summit: who wins?

Let’s get you a quick primer ahead of this Friday’s surprise Trump-Putin summit in Alaska. Why now? Trump made the announcement on Friday, the same day his peace-or-sanctions deadline on Putin was set to expire. It was a response to a proposal Putin relayed to Trump’s envoy (Witkoff) in Moscow on Wednesday. ✌️Proposal✌️ might be […]

11 August, 2025