To start with, between October 2023 and December 2024, Houthi forces have conducted 201 attacks on commercial vessels, resulting in 12 fatalities. The resulting crisis has inflicted huge cost globally, but especially on the Arab economy. To capture such cost and the ramifications of the crisis, the World Bank published in February 2025, The Deepening Red Sea Shipping Crisis: Impacts and Outlook, which we will analyze in what follows.
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