Houthi communiques have confirmed that the group will cease attacks on most vessels in the Red Sea, continuing to target ships owned by Israeli companies or flying the Israeli flag.

The development defies what many expected from a group which, according to some estimates, has managed to extort more than $2bn in pay-offs from shipping lines since it began the attacks.

A statement received today by The Loadstar said: “With the commencement of the implementation of the ceasefire agreement and cessation of ...

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