Russia rules the waves: While the West is suffering losses from maritime trade, Moscow's share is increasing

Attacks on ships navigating the vital Red Sea route could reshape the balance of power in global commerce

In the midst of an already turbulent global landscape, a seismic geopolitical crisis is unfolding, with Houthi militants targeting ships on crucial maritime routes. Recent provocations aimed primarily at Western vessels signal a profound shift, with the potential to reshape the dynamics of global trade.

Amid the fallout from the Ukraine conflict and sanctions, there are clear indications that Russia is consolidating influence not only in the Red Sea but also along other vital maritime arteries, notably the Northern Sea Route. This consolidation is sparking a transformative shift in the traditional balance of power across the broader spectrum of maritime commerce.

Houthi attacks and strategic targeting

The Red Sea, a pivotal conduit for international commerce, is now a contested arena as Houthi rebels from Yemen escalate their attacks. Houthi leaders have said they are pursuing all Israel-bound vessels due to hostilities in Gaza, and they appear to be targeting Western ships. At the same time, an increasing number of Russian oil tankers continue to navigate the waters to deliver oil shipments to Asia, adding a layer of complexity to the situation. If substantiated, this selective targeting highlights the geopolitical intricacies in play, positioning maritime trade as a pawn in broader geopolitical maneuvers.