Hang tight while we fetch the video data and transcripts. This only takes a moment.
Connecting to YouTube player…
Fetching transcript data…
We’ll display the transcript, summary, and all view options as soon as everything loads.
Next steps
Loading transcript tools…
How Yemen is Wrecking the Entire Global Economy | RealLifeLore | YouTubeToText
YouTube Transcript: How Yemen is Wrecking the Entire Global Economy
Skip watching entire videos - get the full transcript, search for keywords, and copy with one click.
Share:
Video Transcript
Video Summary
Summary
Core Theme
Houthi attacks on Red Sea shipping, driven by the Gaza conflict and supported by Iran, are escalating regional tensions and severely disrupting global trade, forcing major shipping companies to reroute and impacting the global economy through increased costs and potential inflation.
Mind Map
Click to expand
Click to explore the full interactive mind map • Zoom, pan, and navigate
as the world's attention is still
largely focused on the brutal War being
waged in Gaza that's already claimed the
lives of tens of thousands of people
something else is happening nearby to
the south in the Red Sea that has the
potential to escalate the war between
Israel and Hamas into a greater Middle
East wide conflict that's already
severely affecting the entire global
economy you see after Israel initiated
its fullscale invasion of Gaza the
houthis a Shia Muslim military
organization in Yemen that's funded and
armed by Iran declared their full
unwavering support for Hamas and the
Palestinian cause against Israel but
geographically located about 1,600 km
away from Israeli territory and more
than 1,800 km away from the main fight
going on in Gaza the houthis were
incapable of participating in the war
happening around Gaza directly and so
they decided to begin intervening on the
side of Hamas Moore indirectly in
November of 2023 the houthis declar that
they would begin attacking every single
ship they could find sailing nearby to
their territory in the Red Sea that was
linked in any way to Israel including
any ships traveling to or from Israeli
ports any ship ship with Israeli
ownership any ship flying an Israeli
flag or any ship with an Israeli crew
and then they further stated that these
attacks on Israeli shipping would
continue indefinitely until Israel fully
withdrew from Gaza and ended its war
against Hamas but there was a slight
problem with the houthi plan you see the
ownership structure of the globalized
21st century Merchant shipping Fleet is
a very complicated business Merchant
ships very often travel between origin
and destination in different countries
the ownership structure of the ship
itself is often divided between multiple
different nationalities that may have
nothing to do with where the ship's
origin or destination is the flag of
call that the ship flies may be
completely different altogether while
The Crew That's operating the ship may
be of completely different nationalities
from everything else as well determining
which Merchant ships operating on the
world's oceans are considered Israeli or
not is not as simple a task as it
appears at first but that didn't
dissuade the houthis from deciding to
intervene Anyway by attacking whatever
ships they determined were Israeli their
attacks began on the 19th of November
2023 with a Brazen hijacking of an empty
car carrier sailing through the Red Sea
that was traveling from Turkey to India
the hthis raided the ship with a
helicopter that transported a heavily
armed Special Forces Squad onto the
ship's deck who quickly managed to
subdue the ship's crew and rerouted it
back to the houthi controlled Port of
Heda in Western Yemen the ship was
called the Galaxy leader and its
registered owner was a company known as
Galaxy Maritime limited that's based in
the Isle of Man a UK dependency the ship
was being chartered by a Japanese
company its flag of call was based on
the Bahamas and its 25 crew members
hailed from the Philippines Romania
Bulgaria Ukraine and Mexico the only
connection that the ship had to Israel
was that the company that owned the ship
Galaxy Maritime limited was further
owned by another company known as Ray
car carriers which is a business that's
co-owned by a well-known Israeli
businessman and billionaire named
Abraham unar who has a current net worth
of approximately $3.25 billion US based
on that the houthis decided that the
ship was fair game to attack and hijack
and it would be far from the last in the
weeks and months that have followed
after that initial attack the houthis
have Unleashed a torrent of hundreds of
missiles and drones and launched further
hijacking attempts against against
dozens of merchant ships caught sailing
through the Red Sea Merchant ships that
have been linked to dozens of countries
from all around the world and the
missiles drones experience and
intelligence that they've received to
launch all of these attacks have largely
all come from a single Source their
biggest Patron the Islamic Republic of
Iran Iran has spent years carefully
cultivating the houthis from a ragtag
group of militia into a legitimately
dangerous state-like military force with
a massive arsenal of guided anti-ship
missiles and swarms of cheap explosive
kamakazi drones that they can use to
overwhelm Maritime anti-air defenses
with through sheer numbers backed by
Iran the houthis have arguably become
the most dangerous and heavily armed
piracy force in modern history and
unlike the Pirates before then they used
to launch out from Somalia and raided
commercial shipping in the Arabian Sea
the Hy Pirates control a significantly
more advantageous geography to wreck the
global economy from they currently
dominate the Northwestern third of
Yemen's territory including most of
Yemen's population and most of Yemen's
Coastline along the Red Sea which gives
them Direct access to launching
hijacking ships missiles and drones into
one of the world's most critical
arteries of globalized trade the Red Sea
itself can be thought of as the primary
Maritime passageway between Asia and
Europe and the passageway is bounded by
two narrow Gates on either side of it
that regulate access through it the
babal men Deb straight in the South
between Yemen and jibuti and the Suez
Canal in the north that runs across
Egypt the route between these Gates
across the Red Sea is a part of the
shortest possible Geographic route for
merchant ships to take traveling between
Asia and Europe and so it's the
preferred route of choice for container
ships carrying manufactured goods and
raw materials from places like China
Japan South Korea Taiwan and India to
take when transporting their goods to
the huge European consumer market and
from another perspective this trade
round is also a major artery for the
flow of global energy resources from
origin to Consumer like oil and gas from
places like Russia Kazakhstan and aeran
towards Asia in One Direction and oil
and gas around the Persian Gulf towards
Europe in another Direction as a result
roughly 12% of the entire World's Trade
volume used usually flows through the
Red Sea on an annual basis which
includes nearly a third of the entire
world's containership traffic roughly
10% of the world's Seaborn oil and
roughly 8% of all the world's LNG an
average of 50 Merchant vessels usually
Transit through the sez Canal on a daily
basis in this overall makes the sez
canal and the babelan Deb straight the
second most critical Maritime choke
point for globalized trade anywhere in
the world remaining only behind the
Singapore straight in Southeast Asia in
overall importance and all of this
massive volume of trade and energy that
usually flows through the Red Sea makes
its overall security and stability an
extremely important core interest for
dozens of countries and actors from all
around the world to Russia the Red Sea
is still its most vital artery for
exporting their own crude oil and LG
Resources by sea towards their new
primary consumers China and India well
Kazakhstan and aeran rely on the route
to a lesser extent for their own oil
exports as well from China's perspective
the Red Sea is its most vital artery to
receive energy resources from Russia
through and to transport their own
manufactured products to the European
consumer Market through which is a
similar concern to Japan and largely why
both China and Japan maintain overseas
military bases in Djibouti nearby to
help Safeguard their own trade routes to
Qatar the Red Sea is its primary trade
route to export their LNG supplies to
Europe while to Saudi Arabia the United
Arab Emirates Bahrain Kuwait and Iraq
the Red Sea is their primary trade route
to export their crude oil to Europe
through to the European Union the Red
Sea is their primary trade route for
receiving manufactured goods from Asia
and energy resources from the Persian
Gulf through while to the United States
Washington wants to ensure the
continuous flow of Maritime trade
through the Red Sea to keep the global
economy and globalized system that it
Champions and protects humming along and
Egypt as the controller of the sez Canal
that regulates all of this trade stands
to arguably benefit the most when the
trade is running smoothly and lose out
the most when the trade isn't running
smoothly Egypt Suz Canal Authority is
the guardian of the canal and they
charge various fees and tolls on every
ship that passes through it as ships
usually have no other alternative the
only other possible Geographic Choice
the ships can take to travel between
Asia and Europe is the much much much
longer way all the way around the entire
African continent around the Cape of
Good Hope a route that usually adds
anywhere between 7 and 10 days of travel
time and significantly higher cost for
ships to take under normal circumstances
the tolls and fees that Egypt charges on
ships passing through the SE Canal are
still much cheaper than the alternative
of sailing around the whole of Africa
and it's also usually one of the
Egyptian government's largest sources of
Revenue as the world began recovering
from the logistical supply chain
bottlenecks that were caused by the
covid-19 pandemic an all-time high
record number of ships passed through
the sez Canal during the fiscal year
between June of 2022 and June of 2023
25,8 187 ships took the journey which
also netted Egypt an all-time high
annual revenue from the Suez Canal about
$9.4 billion us about enough to help
fund 10% of the entire Egyptian
government's operating budget and this
is all in addition to to the fact that
many countries can only import their
goods from abroad through the Red Sea
the only Maritime ports that Jordan
Sudan and arrea have are all just
located on the Red Sea while djibouti's
Port nearby to the Red Sea on the Gulf
of Aiden currently supports roughly 95%
of landlocked Ethiopia's trade volume
and so the safe secure and reliable flow
of trade continuing through the Red Sea
is extremely extremely important to all
of these dozens of countries from all
around the world both near and far from
it but unfortunately the Red Sea has
always existed within one of the most
geopolitically turbulent regions in the
world and ships are also their most
vulnerable when transiting through
either side of the narrow Gates on
either end of it both the Suez Canal in
the North and the babelan Deb Strait in
the South can be blockaded intentionally
or even accidentally and when they are
the Red Sea passageway for global trade
comes to a complete halt this has
happened twice before in fairly recent
history once for a long period of 8
years when the entire suiz canal in the
north was shut down between 1967 and
1975 during the Arab Israeli Wars after
Israel secured control over the entire
Sinai Peninsula and in the process the
suis Canal itself became an active
Frontline war zone dividing Egyptian and
Israeli zones of control for those eight
years until Israel agreed to return the
Sinai Peninsula back to Egypt and
another much shorter time when the canal
be game closed once again much more
recently and much more MD about in 20121
when a container ship known as the everg
given got blinded during a sandstorm
when transiting through the Suz canal
and crashed blocking the Canal's entire
width for 6 days and 7 hours the ship
blocked all Passage through the Suez
Canal like a cork stuck in a bottle and
dramatically slowed down trade between
Europe Asia and the Middle East hundreds
of trade ships carrying nearly 10
billion dollar worth of goods became
bottlenecked many ships decided to give
up and rerouted the long way around
Africa and once it was freed the
Egyptian government initially demanded
more than $1 billion in compensation
from the ever given's owners and then on
the other side of the red see the
babelan Deb street is merely 23 km wide
at its narrowest point and so it
basically functions more like a two-lane
Highway for merchant ships with one
Highway running South and the other
running North a single ship can't really
get stuck and block the street in the
same kind of way that it can in the sus
Canal but the babelan Deb Strait is
located in a far more precarious
neighborhood right now in 2024 there are
still ongoing violent Civil Wars raging
all around the straight in Yemen Sudan
Somalia and Ethiopia the just over the
last few years have likely resulted in
the deaths of more than 1 million people
while arat tra is ruled by a ruthless
dictatorship that is often considered to
be on the same scale of totalitarianism
as North Korea jibuti alone exists as
arguably an island of stability within
this mstom of chaos and that's why
foreign countries from all around the
world maintain significant military
bases in the country to protect their
own national interests from China and
Japan to the United States France and
Italy and probably shortly Saudi Arabia
as well where the United Arab Emirates
maintains another base nearby in the
self- declared state of Somali land and
Russia is attempting to acquire a former
United Arab Emirates military base in
Eritrea here at aab directly adjacent to
the straight for years the biggest
threat that was facing shipping going
through the Babel M Deb straet where the
Somali pirates who raided Merchant
vessels mostly for money hostages and
ransoms in the Gulf of Aiden and in the
Arabian Sea a problem that lasted well
into the 2010s until it finally began
dying down after 2017 as Maritime
patrols from the American UK French
Russian Chinese and other International
navies began conducting better patrols
and better escort missions of merchant
shipping through the region that
dissuaded the pirates from launching any
further attacks that could disrupt the
global economy but now the houthis and
Yemen are the ones launching dozens of
attacks on this critical global trade
artery and it's already been severely
affecting the worldwide economy the
houthi movement which is officially
known as ansar la which translates to
Defenders Of God arose out of Yemen's
zidi Shia Muslim Community who make up
about 1/4 of Yen's overall population
and are native to the hills and
mountains of Yemen's Northwest
immediately opposite of Saudi Arabia's
own largely Shia Muslim Community
immediately across the border formed
with militant opposition to the United
States Israel and the Saudi monarchy's
influence in the Middle East in mind the
houthis sought closer relations with
Iran while their official motto and flag
have never left any doubt as to where
they stand politically and ideologically
it reads from Line to Line translated
into English as God is the greatest
death to America death to Israel a curse
upon the Jews Victory to Islam a decade
ago in 2014 during the midst of the Arab
Spring revolts that were sweeping all
across the Middle East the houthis
managed to organize themselves with
support and funding from Iran and
stormed out from their Hills to capture
the yeni capital from the yeni
government SAA from there the houthis
managed to expand their territorial
control even further across Northwestern
Yemen while the president of Yemen at
the time fled the country towards Saudi
Arabia at his own request for a foreign
intervention to restore his own
authority and Crush the houthi Rebellion
Saudi Arabia decided to militarily
intervene in Yemen Civil War beginning
in 2015 the Saudis along with many other
Arab states all supplied with arms and
finances from the United States then
launched operation decisive storm into
Yemen the Saudis were terrified that if
the Shia houthis were victorious in
Yemen they could exploit their
Geographic position to blockade the
babelan Deb Strait in unison with their
Shia supporter Iran's ability to
blockade the straight of hor moves a
situation that would immediately crash
Saudi Arabia's entire econom
that's overwhelmingly reliant on
exporting their crude oil to customers
in Asia if both choke points were shut
down the Saudis would be forced into a
situation where they could only continue
selling their oil to their biggest
customers by exporting their oil the
Long Way to the north through the sez
canal and then all the way around Africa
which would make their oil significantly
more expensive for Asian consumers to
buy and would make Saudi oil far less
competitive which would mean that they
would sell a lot less of their oil and
Saudi Arabia finances and government
would each become devastated so the
Saudis wanted to crush the houthis and
restore the authority of the friendly
yeni government before that could ever
happen as did the United States and all
the other Arab states opposed to Iran
over the next few years the Saudi Le a
campaign would drop around 25,000 air
strikes all across hthi control
territory in Yemen that's estimated to
have killed more than 19,000 civilians
while the Saudi Leed Coalition Navy
initiated a maritime blockade of the
houthi controlled Coastline that
intervention ultimately produced an
apocalypse in Yemen with the UN saying
as recently as 2023 that the situation
within Yemen remained the worst ongoing
humanitarian crisis in the world with
more than 380,000 total deaths in the
country happening since the Civil War
began in 2014 resulting from violence
famine and disease all attributable to
the war but the houthis continually
funded and armed by Iran continued
hanging on to power in the territory
they controlled they resisted the Saudis
and the Coalition and even began firing
missiles and drones into saudian UA AE
population centers and retaliation that
killed hundreds of Saudi citizens When
Donald Trump assumed the American
presidency in 2017 he chose to
dramatically expand Washington's support
for the Saudi war effort in Yemen as a
part of his overall policy of maximum
pressure applied on Iran and its proxy
forces across the Middle East adding the
houthis to America's list of designated
terrorist organizations and authorizing
a deal for more than 27 billion dollars
worth of additional us arm sales to
Saudi Arabia including fighter jets and
precision guided bombs all meant to be
used in Yemen against the houthis but as
the intervention in Yemen became
increasingly bloody America's continued
support of the Saudi war effort there
became increasingly politically
controversial in Washington and
increasingly linked to Donald Trump
personally Joe Biden vowed that after
assuming the presidency in 2021 he would
completely reverse Trump's course in
Yemen and end all of America's
involvement in the country which
culminated quickly with Biden's
declaration in February of 2021 that the
United States would be halted in all of
its support for Saudi Arabia and Yemen
and that the houthis would be removed
from America's list of designated Terror
organizations this abrupt end of
America's support for the war in Yemen
under Biden and the fact that the Saudis
had blown through an estimated
265 billion dollars before then just on
arms trying and failing to destroy the
houthis kind of forced the Saudis hand
into beginning to search for an exit
strategy from their war in Yemen a
ceasefire agreement between the houthis
and the Saudi B yeni government was
agreed upon in April of 2022 that's
generally held ever since with only
minor flare-ups of violence as the
Saudis and houthis have continued on
negotiations trying to find a final
peace settlement this relative calmon
Yemen ever since the April 2022
ceasefire has given the hoies time to
consolidate their control over the area
they rule in Northwestern Yemen an area
that represents only about a quarter of
Yemen's total territory but more than
2/3 of Yemen's total population or about
24 million people and Yemen's capital
city City the houthis therefore control
more of what makes Yemen Yemen than the
internationally recognized yemeni
government that's backed by Saudi Arabia
does and the relative peace for the past
2 years during the ceasefire has likely
enabled them to covertly import huge
volumes of additional missiles and
drones from Iran and so now with a
massive ongoing war between Israel and
Hamas having exploded in Gaza Iran has
been seeking ways to assist Hamas by
steadily increasing the pressure being
applied on Israel without directly
attacking them and starting an allout
war and perhaps the best way that Iran
has been able to do this has been by
nudging the houthis to begin launching
their attacks on Merchant shipping
across the Red Sea you see as the houthi
missile and drone attacks on dozens of
merchant ships in the Red Sea began
really accelerating in December of 2023
and became increasingly indiscriminate
after the Galaxy leader hijacking
incident the wartime Risk insurance
premiums that Maritime insurance
companies charge for all ships sailing
through the Red Sea began to Skyrocket
major shipping companies from all around
the world then faced with these rapidly
increasing insurance premiums to cover
their ships and cargos operating in the
redc and the accompanying legitimate
risks of seeing their expensive ships
and their caros getting damaged or sunk
or their crew members getting killed
quickly began making announcements one
after the other that they would begin
suspending all of their maritime
operations through the Red Sea and the
Suez Canal until further notice these
announcements have by now come from most
of the world's most significant
container shipping companies like MK MSC
Evergreen CMA CGM Haag Lloyd and Costco
which together represent more than 95%
of all the container volume that usually
travels through the Suez Canal in
addition many major oil and gas
companies have also announced their
indefinite suspensions of sending oil
and gas tiners through the Red Sea or
the Suz Canal including BP and the
Norwegian state-owned Oil Company
Ecuador as a result the world is now
facing a third Suez Crisis after the
1967 and 19751 and after the 20211 just
by the end of December in 2023 more than
300 container ships and many more
tankers car carriers and other Merchant
vessels had already decided to divert
away from the Red Sea and the Suez Canal
and travel the much longer way around
Africa a r that ads on average 7 to 10
days more travel time for ships plying
the trade route between Asia and Europe
and in many cases significantly longer
because this route is a much longer
distance the ships that travel it have
to consume more fuel while the crews
that operate them must be rotated out
more frequently and have to be paid
longer hours which contributes to the
Cape of Good Hope route usually being
about 15% more expensive to take when
compared with the shorter Red Sea and
sez Canal route even after considering
the tolls and fees that Egypt charges
that means that with more and more ships
diverting around the Red Sea those 15%
higher average shipping costs are going
to be gradually getting passed on to
Consumers which if it continues getting
worse and persists will steadily begin
piling on inflationary pressures on just
about every product all around the world
world and even worse the extended length
of time that these ships are going to
have to spend Out on the Ocean traveling
the longer routes between Europe and
Asia is expected to absorb around 20% of
the entire Global Merchant fleet's
capacity which of course is just going
to lead to even more shipping delays and
even higher costs in a worldwide
cascading Avalanche of inflation for
pretty much every single product you can
think of the longer the Red Sea route
remains closed for and there are many
secondary less thought of issues that
can eventually spiral out of control the
longer the Red Sea has shut down
international shipping for like this in
a sense the houthi attacks shutting down
the Red Sea have hurt Israel as they've
effectively managed to completely shut
down the southern Israeli Port of aot
which is Israel's only non-mediterranean
Port that's on the Red Sea but aot is
Tiny from Israel's perspective it
usually only handles a mere 5% of
Israel's total Maritime trade well
Israel's much larger Mediterranean ports
of ashdod and hia handle the
overwhelming majority and remain open
for business the cost of Israeli Imports
are rising as a result but the situation
is hardly putting Israel under a
blockade the situation is very different
for other third-party countries however
as I mentioned previously the only
Maritime ports that Jordan Sudan and
arrea each have are all only located on
the Red Sea and so for however long the
Red Sea remains largely shut down for
all three of these countries will remain
virtually landlocked and all three of
them are already in pretty un stable
conditions that are already either
actively imploding as I speak or on the
precipice of it Sudan is already locked
in the middle of a devastating Civil War
that has likely killed tens of thousands
of people and displaced Millions more
just since 2023 Jordan is facing the
danger of increased instability in the
neighboring Israeli occupied West Bank
while arria is facing two ongoing Civil
Wars happening immediately across their
borders in both Sudan and in Ethiopia if
these countries and especially if Sudan
remained blocked off from most of their
Maritime Imports of resources for long
their own instability levels could also
increase overall by attacking whatever
Merchant shipping they can find within
the Red Sea the houthis are generating a
worldwide level of pain that can maybe
be tolerated for a few weeks to a few
months but it's a situation that likely
cannot be tolerated for very much longer
as the houthi attacks continue worldwide
shipping will continue diverting the
long way away from the Red Sea and
around Africa products raw materials and
energy resources will continue to get
more expensive as a result and glob
inflation will begin ratcheting up again
which means that Iran and the houthis
are probably both hoping that their
attacks and the economic consequences
they cause here will eventually begin
increasing Western pressures on Israel
to end its war in Gaza and to keep Hamas
still intact without them having to
escalate all the way to full-blown War
the houthis have claimed that if Israel
withdraws from Gaza and makes peace with
Hamas then their attacks in the Red Sea
will also stop immediately afterwards
but the Israeli government of Benjamin
Netanyahu here has has repeatedly
stressed that regardless of any
International pressure their War aims
against Hamas remain unchanged they will
continue fighting until Hamas as an
organization and government in Gaza is
completely dismantled and destroyed with
Netanyahu himself saying in early
January of 2024 that Israelis and the
world should expect the war to be a long
one that will continue on for at least
several more months to come and
consequently the world should expect the
houthis to continue launching their own
attacks and raids on Merchant shipping
in the Red Sea for just as long in an
attempt to try and restore worldwide
faith in merchant shipping through the
Red Sea the United States announced the
creation of a brand new international
military Coalition called operation
Prosperity Guardian on December the 18th
that aims to defend all Merchant ships
in the Red Sea and Israeli ports from
houthi missile and drone attacks the
operation at least so far has been
strictly limited to only intercepting
houthi missiles and drones flying over
the Red Sea and safely escorting
Merchant ships through the Red Sea with
warship ships without directly attacking
the houthis themselves in Yemen the
United States committed one of its own
aircraft carriers to the Red Sea for
this operation along with four of their
own destroyers while the British also
committed one of their destroyers and
both Denmark and Greece have agreed to
each send a frigate while the French and
Italian navies have remained separate
from the operation but have deployed
their own frigs to the Red Sea to
operate independently other countries
have technically signed on to the
operation but with extremely minimal
commitments compared to the Americans
British Danes and Greeks 10 other
countries have signed on to the
operation anonymously and two of them
are almost certainly Egypt and Saudi
Arabia two countries whose National
Security both utterly depends on the Red
Sea remaining open and accessible Egypt
so they can keep earning revenue on
ships passing through the SE canal and
Saudi Arabia so they can continue
exporting oil quickly to Europe but
there are also two Muslim majority
countries who don't exactly want to be
publicly viewed by their own people
right now as assisting the United States
fighting against an organization that
proclaims it is fighting for the
Palestinians against Israel they don't
want to be viewed in any way as
assisting Israel even if it's in the
name of their own national interests
since going into operation the warships
of prosperity Guardian operating within
the red SE have already shot down dozens
of houy drones and missiles fired in
merchant vessels and encouraged by the
progress both meis and hapag Lloyd
cautiously announced on the 24th of
December that they would begin resuming
their shipping operations through the
Red Sea and the sez Canal again but then
just 9 days later disaster struck again
on the 2nd of January 2024 AER container
ship traveling through the Red Sea was
struck by a houy missile before four
small houthi ships sailed towards them
and attempted another hijacking the MK
ship radio to distress call and the US
aircraft carrier in the region responded
by dispatching helicopter gunships to
intercept the houthi Pirates once they
arrived the American helicopters opened
fire on the houthi boats and sank three
of them killing 10 of the houthi Pirates
Who were on board and marking the first
time that the Americans and the houthis
engag directly in combat the same day
both marisk and hapag Lloyd announced
that they were once again suspending all
of their travels through the Red Sea and
the Suez Canal and they would begin only
taking the longer and more expensive
route around Africa Furious on the
following day on the 3rd of January the
White House released an ominous joint
statement with many other governments
from all around the world that at the
end reads quote let our message now be
clear we call for the immediate end of
these illegal attacks and release of
unlawfully detained vessels and Crews
the houthis will bear the responsibility
of the consequences should they continue
to threaten lives the global economy and
free flow of Commerce in the Region's
critical waterways we remain committed
to the international rules-based order
and are determined to hold malign actors
accountable for unlawful seizures and
attacks end quote as it stands now
America and the Biden Administration
arguably have only four possible options
for how to proceed with this dangerous
situation one America could choose to
Simply do nothing let the houthi attacks
on Merchant shipping in the Red Sea
continue as long as Israel's war in Gaza
continues news and suffer the worldwide
negative Economic Consequences and
pressures that will follow during a
critical presidential election year two
the United States can begin applying
tougher pressures on Israel to begin
winding down its war in Gaza and hope
that that ends the houthi attacks on
Merchant shipping diplomatically Israel
however will probably not accept this
piece unless the pressures from
Washington begin growing significantly
tougher which could strain Israel us
relations three America can increase the
number of Warships that has deployed to
the Red Sea as a part of operation
Prosperity Guardian in order to cover a
larger area and escort more Merchant
vessels unfortunately this option has a
lot of cons from Washington's
perspective many countries for a variety
of reasons have refused to send warships
to the Red Sea even after being
requested to do so by Washington like
Australia America itself has few Surplus
warships to spare right now here to the
Red Sea while it's trying to maintain a
permanently large Naval presence in the
Western Pacific around Taiwan to
dissuade a potential Chinese amphibious
in Invasion from ever happening and the
warships that America already has
deployed to the Red Sea Fire Advanced
guided missiles that cost millions of
dollars each to intercept the clouds of
cheap Iranian manufactured drones that
only cost a few thousand to build if the
Iranians and the houthis continue
maintaining their heavy pace of Cheaper
drone and missile attacks on the
merchant ships and the American Navy
continues shooting them down with their
much more expensive missiles the costs
that will be borne on the US defense
department will likely rise into the
tens of billions of dollars with only a
matter of months a tough pill to swallow
while Washington is simultaneously
struggling to provide more funding and
arms directly to both Israel's war
against Hamas and Ukraine's war against
Russia and then there's option four the
most dangerous option of all but the one
that's appearing increasingly likely to
happen by the day ordering a direct US
Air campaign to bomb the houthi bases in
Yemen to try and Destroy or
deter their ability to continue
launching attacks on Merchant shipping
in the future but this option carries
with it a series of extremely high risks
that need to be considered beforehand
first of all American bombing campaign
against the houth greatly risks
shattering The Fragile ceasefire across
Yemen that's been in place ever since
April of 2022 would the houthi political
enemies that are still on the ground in
Yemen like the Saudi backed government
or the United Arab Emirates backed
separatist Southern government really
all be expected to just sit back and do
nothing while the houthis get blasted
from the air by the United States there
would become an enormous incentive for
them to renage on the ceasefire and
begin launching renewed ground
offensives against the houthis again and
if the situation got worse for the
houthis from there and they seemed like
they were imminently about to collapse
would their primary backer Iran then be
expected to also just sit back and watch
them collapse without doing anything
Iran could and likely would then choose
to escalate the pressure on the United
States and Israel even further by
ordering their militias in Syria to
attack Israel in the Golan Heights or
even order healon Lebanon to open up a
massive second front line for the
Israelis in the north of their country
that the United States would be forced
to divert attention away from Yemen and
the houthis to deal with and then of
course bombing the houthis without
attacking the source of where they're
actually getting their weapons from does
nothing to prevent them from Simply
acquiring even more weapons over and
over again that will keep having to be
destroyed over and over again Iran can
and likely will just choose to continue
sending weapons to the houthis even if
the United States is bombing them but if
America decides to attack Iran supply
lines that are running to the houthis
then it risks escalating the US bombing
campaign on the houthis into a direct us
Iran War that both sides almost
assuredly truly want to avoid and
partially for those reasons the United
States might choose to carry on with the
same cautious approach towards the
houthis that they've so far been
maintaining a cautious approach that is
no doubt being championed by Saudi
Arabia ever since the Biden
Administration ended America's support
for the Saudi intervention in and Yemen
back in 2021 the Saudis have been
desperately trying to find a way to pull
themselves out of their costly War peace
negotiations between the Saudis and the
houthis have been ongoing ever since
with the Saudis reportedly offering
concessions such as allowing more direct
flights to open up to the houthi
controlled Capital an easing or even
ending of the still ongoing Saudi Naval
blockade and perhaps most critically an
offer by the Saudis to help facilitate
payments and salaries of yeni public
sector employees working within the
houthi controlled territory but as
American officials in the US Congress
openly demand that the houthis be
readded back to the list of designated
terrorist organizations and as the US
and British militaries are each
apparently considering launching air
strikes the Saudis are worried that
their peace negotiations will fall apart
how after all could the Saudis help to
facilitate payments to the houthis if
they become a US recognized terrorist
organization once again and become
suffocated underneath American economic
sanctions and if the United States does
end up to deciding to militarily
intervene more forcefully against the
houthis there is fairly recent
historical precedent for such an
operation throughout the 1980s during
the Iran Iraq war both the Iraqi and
Iranian militaries began opening fire on
Merchant vessels operating across the
Persian Gulf with missiles Iran and
particular began firing missiles at
Kuwaiti oil tankers and retaliation for
Kuwait support and financing of Saddam
Hussein's Iraq in 1986 the US Navy
decided to intervene in the conflict and
begin sending their warships to safely
escort Kuwaiti oil Tinkers through the
gulf and out past the straight of Hormuz
in 1988 one of these American warships
impacted an Iranian Naval mine within
international waters that severely
damaged and nearly sank it in
retaliation the US Navy decided to
launch operation praying mantis within
Iran's own territorial Waters the
American Navy attacked and sank five
Iranian ships including a frigate
severely damaged another frigate and
blew up two Iranian offshore oil
platforms killing dozens in the process
an action that today State represents
the US Navy's largest surface engagement
since the second world war that American
attack put pressure on Iran to se peace
with Iraq just a few months later but
unlike then an American attack on the
houthis now in 2024 is fairly
unpalatable for the Biden Administration
to consider for two very big reasons one
the Biden Administration doesn't want to
be viewed as expanding the war between
Israel and Hamas and Gaza into a
Regional Middle East Wide War and an
American bombing campaign against the
houthis in Yemen would inevitably become
widely viewed as an American declaration
of war against the houthis in support of
Israel which would carry further risks
of the war escalating even further to
potentially include Hezbollah in Lebanon
or Iran itself and second Biden's entire
foreign policy stance ever since taking
over as president in 2021 has revolved
around ending America's presence and
forever wars in the Middle East in order
to Pivot towards facing the perceived
greater threat threats of China in the
Indo Pacific and Russia in Europe almost
immediately after Biden took office he
ended America's support for the Saudi
war in Yemen he removed the houthis from
the list of designated terrorist
organizations he finally withdrew All
American forces from Afghanistan after
20 years and he's been continually
attempting to mediate a normalization
agreement between Israel and Saudi
Arabia to make them begin cooperating
together in the Middle East in America's
absence deciding to open up another
American war in the Middle East by
bombing and attacking the houthis and
Yemen after all that previous effort
would be a serious reversal of policy
for the Biden Administration to consider
and it has the risk of dragging the
United States back into yet another war
in the Middle East again with an
uncertain time frame and with major
risks of even further escalation and
unexpected consequences in the future
and for those reasons the situation in
the Red Sea is an incredibly dangerous
one and there's no telling where it will
all end up going from
here now over the past 3 months since
the crisis in the Red Sea began the
houthi attacks have been covered
extensively by hundreds of different
news sources and articles the story of
the US Navy helicopters opening fire on
and sinking the houthi boats has been
covered by more than 208 different
sources and the reporting on it has been
fairly split along partisan lines with
28% of the reporting coming from the
left and 30% coming from the right and
if you compare the headlines you start
seeing something pretty interesting in
some of the framing from this far left
Source you have an article referring to
the houthis as the deao government of
Yemen and from this far right Source you
have an article referring to the houthis
as an iran-backed militant group and
this is why I've been using this video
sponsor ground news to research
important issues like this in a way that
lets me see past these kinds of partisan
spins it's a website and app designed by
a former NASA engineer on a mission to
give readers an easy data driven
objective way to read and parse through
the news every story comes with a quick
visual breakdown of the political bias
factuality and ownership of the sources
that are reporting all backed by ratings
from three Independent News monitoring
organizations and you can directly
compare related articles from different
sources to see what details are being
emphasized exaggerated or left out I
also really really like the blind spot
feed which highlights stories that are
being disproportionately covered by one
side of the political Spectrum this
feature showed me that if you lean left
you likely would have missed out on this
story about Maris culting all of their
shipping through the Red Seas since only
6% of the sources that were covering it
have come from the left and if you
leaned right you likely would have
missed out on this story about house
Democrat Jamie Rasin demanding Trump
return the 7.8 million dollar that
foreign governments paid his companies
while he was President I personally
believe that it's very important we
understand how our current partisan
media environment operates and the
impact that it might have on our
politics so that we can engage in
constructive dialogue break out from
unproductive Echo Chambers and maybe
even challenge some of our own
assumptions in the process you can go to
ground. newsreal lifel right now to get
30% off of the ground news Vantage plan
which includes another great feature
called my news bias which is basically
dashboard for your entire news diet
showing you what your top news sources
are whether you engage with different
perspectives what topics you're most
interested in and a whole lot more so go
ahead and go to ground. newreel or click
the button that's here on your screen or
follow the link that's down below in the
description to see how your reading
habits change over the next month and
support an independent news platform
working to make the media landscape more
transparent it'll also help out
supporting my Channel's reporting at the
same time and as always thank you so
Click on any text or timestamp to jump to that moment in the video
Share:
Most transcripts ready in under 5 seconds
One-Click Copy125+ LanguagesSearch ContentJump to Timestamps
Paste YouTube URL
Enter any YouTube video link to get the full transcript
Transcript Extraction Form
Most transcripts ready in under 5 seconds
Get Our Chrome Extension
Get transcripts instantly without leaving YouTube. Install our Chrome extension for one-click access to any video's transcript directly on the watch page.