(Bloomberg) -- Container giant A.P. Moller-Maersk A/S expressed caution about any fast return to shipping through the Red Sea, after the Yemen-based Houthis signaled a pause in their attacks on commercial vessels.
“We will continue monitoring the situation in the Middle East closely and will return to the Red Sea and sailing through Bab el Mandeb when it is safe to do so,” Maersk said in an emailed statement. “It is still too early to speculate about timing, but these developments are a needed step in the right direction.”
Months of missile and drone firings by the Iran-backed Islamist rebels have sunk or damaged vessels, forcing a large majority to avoid the crucial trade route altogether. On Thursday, their leader Abdulmalik Al-Houthi said the group would follow the ceasefire deal between Israel and Hamas, suggesting a halt in its campaign.
On Friday, Israel’s Prime Minister Benjamin Netanyahu said an agreement with Hamas to pause the war in Gaza has been finalized, suggesting it’s on track to begin on Sunday.
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