War Risk Top Of Mind As Shipping Lanes Become ‘No-Go’ Zones

The Red Sea won't become a "no-go area." That's according to UK Defense Secretary Grant Shapps, who spoke to the Sunday Times amid ongoing tension in the crucial waterway, where Iran's ragtag Yemeni rebels are asserting themselves, ostensibly in defense of human rights in Gaza. Really, the Houthis are just stirring the proverbial pot. With Iran's pet armies, it's not quite rascality for the sake of it, but it may as well be. There's a cause, but devilment is in many cases an end in itself. "We

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today

View subscription options

Already have an account? log in

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

6 thoughts on “War Risk Top Of Mind As Shipping Lanes Become ‘No-Go’ Zones

  1. The US effort to organize a naval security operation for the Red Sea is faltering, with few other countries participating and some recently pulling out. Saudi won’t participate because it is worried about re-igniting hostilities with the Houthis, and anyway why not let the US do all the work? Other Arab countries won’t participate due to the optics of aligning with the US. Some NATO countries won’t participate, or are pulling out, due to – my speculation – the US’ purely defensive conception of the mission: naval ships as missile sponges, no offensive actions against the Houthi launchers. China won’t participate for obvious reasons.

    The interesting thing is that the US is less affected by a blockade of the Red Sea than most. Ships from Asia have a direct route to US West Coast ports, no Suez Canal transit needed.

    I think the pain to other countries isn’t yet at a point where there will be effective international cooperation here, and whoever is leading this for the US (likely State Dept not DoD) hasn’t yet accepted that passively providing target practice for Houthis/Iran isn’t a viable strategy.

    Gaza death rate can be reduced if UN, Egypt, US, Israel can reach agreement over relief supplies into Gaza. I’m reading the sticking point is that the UN wants to handle inspection and distribution of supplies, which means Hamas will have some control over it, since the overlap between UNWRA and Hamas is considerable. The death toll won’t stop rising, though. Around a third of the 20,000 dead are Hamas fighters, and those deaths, at least, will continue apace.

    1. John, As usual, reading between the lines of your remarks on Gaza leaves me a bit uncomfortable. Every account (including those of military historians and explosives experts) points to indiscriminate bombing of innocents and an entirely horrific population-relative pace of civilian casualties. I realize it’s not easy to concede what’s going on here and easier to pretend Israel is just targeting “terrorists,” but according to almost every account (besides those that emanate from the IDF), that simply isn’t the case. I know you’ve read all of the accounts I’m referring to. And you never explicitly deny them, but you seem to deny them implicitly. I really wish you wouldn’t do that. It’s tantamount to denying human suffering on a catastrophic scale.

      1. I agree that between 10,000 and 15,000 civilians have been killed, between 5,000 and 10,000 Hamas fighters killed, and 2 million civilians suffering in conditions that are getting worse. I just don’t see how it stops soon.

        Israel is not going to stop hunting Hamas (politically it cannot, whether led by the excreable Netanyahu or others). Hamas is not going to stop fighting from its tunnels and from among civilians (it has been preparing for this for a long time, and is, I think, not anywhere near surrender or collapse). The Arab countries are not going to evacuate civilians out of Gaza even temporarily (none of the governments want Palestinians and I believe most of them benefit from never-ending Israel/Palestinian war). The US is not going to force Israel to stop (with rocket attacks on Israel dwindling and thus the need for missile resupply much diminished, Israel can keep up the war with its own resources). Iran is not going to help end this (why would it?)

        More trucks of relief supplies will probably enter Gaza, with the Israeli crossing now in use, but distribution will be chaotic since no-one really controls most of Gaza.)

        The motivations and constraints of the parties simply do not align in a way that brings this to an imminent end. So it will continue. Lots of wars have gone on and on for years and killed hundreds of thousands of civilians. I’ll guess this one will last months not years, and kill tens not hundreds of thousands.

        I think back to the circumstances that allowed the Olso peace process to make the headway it did, thirty years ago. I don’t see those circumstances today. There is no Arafat for Israel to negotiate with, even if another Rabin emerges, and Biden has much bigger domestic and geopolitical problems to deal with.

        1. Also, if I ever seem to be “rooting” for the IDF to win . . . well, the sooner that happens, the sooner the “acute phase” of this war ends. Granted there is no evident plan for what happens next. Hamas doesn’t seem to have had a plan for after 10/7, and Israel doesn’t seem to have one either. I imagine a sort of low level “chronic” war could go on for years.

          1. JL – You might be better served to focus on what may happen next year if the DPP squeaks through with less than 50% of the popular vote. As seems likely.

          2. That’s an example of the “bigger problems” the US has to deal with.

            I don’t see this administration making a full court press for peace between Israel and the Palestinians, not with China/Taiwan and Russia/Ukraine to deal with – not to forget its an election year.

            The odds of success are so low, at the moment, that it hardly makes sense to commit a lot of effort/political capital to it. In my opinion.

NEWSROOM crewneck & prints