End to Red Sea shipping crisis?

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Trump declares end to Red Sea shipping crisis - Splash247

“President Trump promised to restore the freedom of navigation in the Red Sea, and he used great American strength to swiftly deliver on that promise,” White House press secretary Karoline Leavitt wrote in a post on X.

Omani foreign minister Badr al-Busaidi confirmed that the US bombing campaign was ending, posting on X that discussions involving the US and Oman, as well as negotiators in Yemen, “have resulted in a ceasefire agreement between the two sides”.

Although the Houthis may not be in full agreement:

Houthis say US 'backed down' and Israel not covered by ceasefire

“What changed is the American position, but our position remains firm,” chief negotiator Mohammed Abdul Salam told Houthi-run Al-Masirah TV.

Mediator Oman said the US and Houthis had agreed to “no longer target each other”, after seven weeks of intensified US strikes on Yemen in response to Houthi missile and drone attacks on international shipping in the Red Sea.

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No quick resumption of Red Sea transits on the cards - Splash247

Insurers and leading shipping associations are advising commercial shipping to keep away from the region for the time being despite the rhetoric coming out of the White House.