The United States made a series of strikes Sunday in an area controlled by the Houthi rebels in Yemen. The military action took out missiles and other devices that reportedly were going to be used to target ships in the Red Sea. The Red Sea normally handles 12 percent of global maritime trade, but many ships are being diverted around the area to avoid the attacks. Freight rates and insurance premiums are increasing due to the volatility in that part of the world.
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