Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into account when planning sea routes,

Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.

Yemen’s Iran-backed Houthi movement has released the crew of a cargo ship more than a year after its fighters hijacked the vessel in the Red Sea, as part of its campaign of attacks in support of Hamas in its war against Israel.

Mandeb strait decreased by 50% after the Yemeni rebels launched maritime attacks, according to the US Energy Information Administration.

U.S. ships are returning to the Red Sea following promises from Yemen’s Houthi rebels to abstain from attacks on American and British vessels. The pledge, which comes after more than a year of shipping traffic disruption on a major international trade route,

The ship was drifting and ablaze some 225 kilometers off the coast of Hodeida, a port city in Yemen held by the country's Houthi rebels