Iran's Red Sea Power Play Heightens Fears of Trade Disruption.

Iran has sent a warship to the Red Sea, challenging US forces in the important trade route and supporting Houthi militants who have disrupted shipping in recent months. While Iran is unlikely to seek direct confrontation with the US-led maritime task force, tensions are rising as the Houthis target vessels they claim are linked to Israel. This has led to some of the world's largest shipping firms refusing to transit through the Suez Canal, impacting trade flows and causing oil prices to rise. There is a risk of further escalation, and the situation is being closely monitored. [Extracted from the article]