Conflict in the Middle East is having a global ripple effect in trade and shipping, as the Houthis, a group in Yemen, continue to attack ships moving through the Suez Canal, a major route for transporting goods around the world.

Attacks on ships in the Red Sea by Yemen’s Houthi rebels have unraveled a key global trade route, forcing vessels into longer and more costly journeys around Africa.

The U.N. trade body sounded an alarm Thursday that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal.

China, the world's biggest exporter, says it is deeply concerned about tensions in the Red Sea that have upended global trade by forcing many shippers to avoid the Suez Canal.

The attacks on commercial vessels in the Red Sea by Yemen’s Houthi rebels have scared off some of the world’s top shipping companies and oil giants.

The attacks on commercial ships in the Red Sea by Yemen’s Iran-backed Houthi rebels have rerouted trade away from a crucial corridor for consumer goods and energy supplies.

Egyptian authorities say two tankers have collided in a single-lane stretch of the Suez Canal, briefly disrupting traffic through the global waterway.

The authority that oversees Egypt's Suez Canal says one of its tugboats has sunk in the waterway after a collision with a tanker.

Officials say that a Hong Kong-flagged ship briefly blocked Egypt’s vital Suez Canal, the latest such incident in the busy waterway.

The U.S. Navy has dispatched a guided-missile submarine capable of carrying up to 154 Tomahawk missiles to the Middle East.

The world’s biggest shipping company has sued a rival shipping line in a Danish court, seeking compensation for ship delays that resulted from the blocking of the Suez Canal by a hulking vessel two years ago.

The Suez Canal Authority says a cargo ship that went aground in the Egyptian waterway has been refloated.

The huge container ship that blocked the Suez Canal for nearly a week earlier this year has finally reached the port of Rotterdam to begin unloading its cargo.

Egyptian authorities have announced the release of a hulking shipping vessel that had blocked the Suez Canal for nearly a week earlier this year.

The Suez Canal Authority says it has reached an agreement to settle a financial dispute with the owners of a hulking container ship that blocked the crucial waterway for nearly a week earlier this year.

Egyptian authorities have impounded a massive cargo vessel that blocked the Suez Canal last month amid a financial dispute with its owner.

A company providing services to the Suez Canal says the maritime traffic jam caused by the Canal's blockage by a cargo ship for nearly a week is continuing to ease.

Experts have boarded Ever Given container ship that had blocked the Suez Canal for nearly a week before it was dislodged. A canal pilot says engineers are inspecting the Ever Given for damage and trying to determine why it ran aground. Two senior canal officials said the vessel's bulbous bow had suffered slight to medium damage. AdEver Given will not be allowed to leave the canal until the end of the investigation, Rabei added. Some broke into tears, many hugged each other as the vessel’s bow was rooted out from the eastern side of the canal.

Asian shares were mixed Wednesday as data showed a strong economic recovery in China but worries lingered about the coronavirus pandemic. (AP Photo/Koji Sasahara)TOKYO – Asian shares were mixed Wednesday as pointed to a strong economic recovery in China but worries lingered about the coronavirus pandemic. A survey released Wednesday shows China’s factory activity rebounded in March from a three-month slowdown as export orders rose. U.S. stock indexes fell as another swell higher for Treasury yields pressured big technology stocks. AdHealth care stocks also dragged shares lower, outweighing gains by banks, industrial stocks and companies that rely on consumer spending.

Ever Given, a Panama-flagged cargo ship, is seen in Egypt's Great Bitter Lake Tuesday, March 30, 2021. Experts have boarded Ever Given container ship that had blocked the Suez Canal for nearly a week before it was dislodged. A canal pilot says engineers are inspecting the Ever Given for damage and trying to determine why it ran aground. Global legal firm Clyde and Co. said the Ever Given's owner likely would pay Egypt's canal authority for the assistance already rendered to the vessel. He stood before a sign that said: "Welcome to the Suez Canal: Egypt's lifeline of peace, prosperity and development."

FILE - In this Saturday, March 27, 2021 file photo, the Ever Given, a Panama-flagged cargo ship, is wedged across the Suez Canal and blocking traffic in the vital waterway. The sleepy farming village of Amer overlooks the Suez Canal, one of the worlds most important waterways. Last week, it was suddenly thrust into the limelight after a massive container ship got stuck in the canal near the village. (AP Photo/Mohamed Elshahed, File)AMER – The sleepy farming village of Amer overlooks the Suez Canal, one of the world's most important waterways. Last week, the village was suddenly thrust into the limelight after a massive container ship, the Ever Given, got stuck nearby.

(Maxar Technologies via AP)The plight of a mammoth container ship stuck in Egypt’s Suez Canal has highlighted still more pressure points in global trade, a year after supply chains were disrupted by the coronavirus pandemic. The Panama-flagged, Japanese-owned ship has been lodged in a single-lane stretch of the canal for nearly a week, holding up $9 billion each day in global trade. The disruption from the Suez Canal blockage is less dramatic but not insignificant. The canal carries over 10% of global trade, including 7% of the world’s oil. The Suez Canal accounts for 30% of the world’s daily shipping container freight.

In this photo released by Suez Canal Authority, the Ever Given, a Panama-flagged cargo ship, is pulled by one of the Suez Canal tugboats, in the Suez Canal, Egypt, Monday, March 29, 2021. Engineers on Monday "partially refloated " the colossal container ship that continues to block traffic through the Suez Canal, authorities said, without providing further details about when the vessel would be set free. (Suez Canal Authority via AP)SUEZ – Salvage teams on Monday finally freed the colossal container ship stuck for nearly a week in the Suez Canal, ending a crisis that had clogged one of the world’s most vital waterways and halted billions of dollars a day in maritime commerce. From the city of Suez, ships stacked with containers could be seen exiting the canal into the Red Sea. “The Suez Canal is not guilty of what happened.

The obstruction has halted canal traffic, valued at over $9 billion a day. (AP Photo, File)DUBAI – Since it opened in 1869, Egypt’s Suez Canal has been a source of national pride and a focus of international conflict. Now, a different sort of crisis has thrust the Suez Canal into the global spotlight. The obstruction has halted canal traffic — valued at over $9 billion a day — disrupting a global shipping network already burdened by the coronavirus pandemic. AdNearly 19,000 vessels passed through the Suez Canal last year, carrying over 10% of global trade, including 7% of the world’s oil.

This satellite image from Maxar Technologies shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Saturday, March 27, 2021. Authorities are preparing to make new attempts to free the giant container vessel stuck in Egypt's Suez Canal for a fifth day and reopen a crucial east-west waterway for global shipping. The Dutch-flagged Alp Guard, a specialist tugboat, arrived at the location Sunday, according to the stuck ship's technical management company, Bernard Schulte Shipmanagement. Excavators dug Sunday on the eastern wall of the Suez Canal, hoping to free the bulbous bow of the Ever Given that plowed into the embankment, satellite photos showed. Dozens of others still listed their destination as the canal, though shippers increasingly appear to be avoiding the passage.

This satellite image from Maxar Technologies shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Friday, March 26, 2021. Meanwhile, the head of the Suez Canal Authority said strong winds were “not the only cause” for the Ever Given running aground on Tuesday, appearing to push back against conflicting assessments offered by others. A Dutch salvage firm is attempting to refloat the vessel with tugboats and dredgers, taking advantage of high tides. AdSome 9,000 tons of ballast water had been already removed from the vessel, the canal chairman said. The Suez Canal Authority organized the first media trip Saturday to the site where the vessel was stuck.

This satellite image from Maxar Technologies shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Friday, March 26, 2021. (Maxar Technologies via AP)ISMAILIA – The company that owns the giant container ship stuck sideways across the Suez Canal said an attempt will be made to refloat the vessel by taking advantage of tidal movements later Saturday. “It’s a complex technical operation” that will require several attempts to free the vessel, Lt. Gen. Osama Rabei, head of the Suez Canal Authority, said in a statement. The Suez Canal Authority has said it welcomed international assistance. A maritime traffic jam grew to more than 200 vessels Friday outside the Suez Canal and some vessels began changing course.

This satellite image from Cnes2021, Distribution Airbus DS, shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Thursday, March 25, 2021. The skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear, authorities said. The iconic shipping journal Lloyd’s List estimates that goods worth $9.6 billion pass through the canal every day. Jim Burkhard, who heads crude oil research at IHS Markit, said the impact on the global oil market will be limited if the canal is cleared soon. Wood Mackenzie analyst Lucas Schmitt said only a few LNG shipments were near the canal when the blockage occurred.

This photo released by the Suez Canal Authority on Thursday, March 25, 2021, shows Lt. Gen. Ossama Rabei, head of the Suez Canal Authority, investigating the situation with the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic in the vital waterway. Over its 150-year history, Egypt's Suez Canal has seen wars and crises — but nothing quite like the stranding of the Ever Given. The vessel entered the canal from the Red Sea on Tuesday morning and ran aground 45 minutes later. While the supersize of ships can increase their risk of running aground in the Suez Canal, boats just as big buffeted by winds just as strong have passed through the waterway without incident before. President Abdel Fattah el-Sissi poured $8.2 billion into a lavish expansion of the canal that was unveiled in 2015.

This satellite image from Cnes2021, Distribution Airbus DS, shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Thursday, March 25, 2021. (Cnes2021, Distribution Airbus DS via AP)ISMAILIA – Dredgers, tugboats and even a backhoe failed to free a giant cargo ship wedged in Egypt’s Suez Canal on Thursday. The Suez Canal Authority said one idea the team discussed was scraping the bottom of the canal around the ship. “BSM’s continuing priorities are to safely re-float the vessel and for marine traffic in the Suez Canal to resume,” it said without providing timeframe. Opened in 1869, the Suez Canal is a crucial link for oil, natural gas and cargo.

In this photo released by the Suez Canal Authority, a boat navigates in front of a massive cargo ship, named the Ever Green, rear, sits grounded Wednesday, March 24, 2021, after it turned sideways in Egypts Suez Canal, blocking traffic in a crucial East-West waterway for global shipping. (Suez Canal Authority via AP)DUBAI – A skyscraper-sized container ship has become wedged across Egypt's Suez Canal and blocked all traffic in the vital waterway, officials said Wednesday, threatening to disrupt a global shipping system already strained by the coronavirus pandemic. Ad“The Suez Canal will not spare any efforts to ensure the restoration of navigation and to serve the movement of global trade,” vowed Lt. Gen. Ossama Rabei, head of the Suez Canal Authority. Opened in 1869, the Suez Canal provides a crucial link for oil, natural gas and cargo. Ad“It’s because of the breakneck pace of global shipping right now and shipping is on a very tight schedule,” he said.