Indian Prime Minister Narendra Modi and Russian President Vladimir Putin.
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin.
  • Russian oil cargoes are still sailing via the Red Sea to get to India, according to S&P Global.
  • Iran-backed Houthi rebels have been attacking commercial ships in the Red Sea since November.
  • Many commercial shipping lines and vessels have rerouted from the Red Sea to avoid getting caught in the attacks.

Attacks by Houthi rebels on commercial ships in the Red Sea are disrupting global trade, with many vessels changing up their shipping routes to avoid risk.