Somali pirate menace returns as U.S.-Iran war stokes regional chaos and saps enforcement resources

Somali piracy has recently surged in the Red Sea, raising fresh risk concerns for shipping companies. The uptick has been attributed to escalating regional tensions since the U.S.–Iran war began, with potential knock-on effects for Red Sea transit and logistics costs.

Analysis

Somali piracy has recently surged in the Red Sea, raising fresh risk concerns for shipping companies. The uptick has been attributed to escalating regional tensions since the U.S.–Iran war began, with potential knock-on effects for Red Sea transit and logistics costs.