Red Sea Crisis 

On December 18, the US launched Operation Prosperity Guardian, a multinational effort to counter Houthi attacks on Red Sea shipping routes. This operation, including the navies of countries like Britain, Canada, France and Italy, aims to secure this vital area for global trade, especially oil shipments. The operation is linked to the Israel-Hamas conflict, with Yemen's Ansar Allah rebel movement, also known as the Houthis, targeting Israel-bound vessels in retaliation for Israeli actions in the Gaza Strip. These attacks have disrupted global trade significantly, leading many companies to reroute ships and raising concerns over global inflation.