Red Sea Risks Remain High Despite Gaza Truce and Houthi Ceasefire

American and British vessels are cautiously returning to the Red Sea as the Gaza truce and prisoner exchange deal continues to hold. Starting last week Yemen's Houthi movement made clear that it would honor the ceasefire, and refrain from attacking international vessels in the Red Sea so long as Israel bides by the ceasefire. However, a key exception is that Houthis will only continue attacking Israeli vessels. This intent to scale back pro-Palestine maritime operations, which has seen drones and missiles lobbed against foreign ships for many months,…