Red Sea Lessons Haunt Western Effort to Reopen Strait of Hormuz
By Lisa Baertlein and Jonathan Saul
LOS ANGELES/LONDON, March 25 (Reuters) – The Western allies trying to negotiate a way to protect the Strait of Hormuz for energy shipping face a stark reality: a similar effort in the Red Sea that started years earlier cost billions of dollars and ultimately failed against Yemen’s Houthis.
The costly Red Sea experience – four ships sunk, more than $1 billion in weapons expended, and a route that the shipping industry still largely avoids – looms over the more complex Strait of Hormuz, the shipping artery used by roughly a fifth of global oil and
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