A second commercial vessel has reportedly sunk in the Red Sea after an attack off Yemen's coast, intensifying concerns over maritime security in one of the world's busiest shipping routes. The crew was safely evacuated before the vessel went down, marking another major incident amid escalating tensions in the Red Sea.

Saudi tankers reroute to avoid Gulf of Aden amid Houthi threats. Strait of Hormuz traffic returns to normal by December 31 at 57.5% YES.

Each year, approximately 12 to 15 percent of global maritime trade worth more than $1 trillion transits the waterway, which extends from the Suez Canal in the north to the Bab…