The Houthis' Red Sea attacks disrupt global trade amid Yemen's civil war. Backed by Iran, they target Israel and allies, escalating tensions and causing humanitarian crisis, regional instability.
GIE â which produced pharmaceuticals, cosmetics, furniture, textiles and bottles, among other products â had already gotten $6.93 million from the World Bankâs Multilateral Investment Guarantee Agency (MIGA) in 2017 for any future damages due to âwarâ or âcivil disturbance,â after another Hamas conflict with Israel three years prior.
