Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping,

Houthi, said the Iran-aligned group will monitor the implementation of a ceasefire deal between Israel and Hamas and will continue its attacks on ships in the Red Sea if it is breached.

The Yemen-based Houthis signaled a pause in their months-long attacks on commercial ships following a ceasefire deal between Israel and Hamas.

ATHENS (Reuters) - Maritime security officials said on Thursday they were expecting Yemen's Houthi militia to announce a halt in attacks on ships in the Red Sea, after a ceasefire deal in the war in Gaza between Israel and the militant group Hamas.

The 11 survivors who have spoken to the BBC have also accused the Egyptian authorities of trying to cover up what happened, saying investigators were determined to blame it on a huge wave.

Average capacity offered on Asia-to-Europe routes has increased just 8.8 percent, despite 31 percent more ships on the route, according to Alphaliner.

An oil tanker that burned for weeks in the Red Sea and threatened a massive oil spill has been “successfully” salvaged.

A.P. Moller-Maersk 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.

Houthi, said the Iran-aligned group will monitor the implementation of a ceasefire deal between Israel and Hamas and will continue its attacks on ships in the Red Sea if it is breached. The Houthis have carried out more than 100 attacks on ships since November 2023 and have sunk two vessels,

Rebels claimed using missiles and drones in an attack, citing it as a response to the US military's regional presence.

The Houthi movement in Yemen has announced it will halt its attacks on Israeli and US vessels in the Red Sea if the ceasefire agreement between Israel and Hamas is upheld. This significant declaration comes ahead of the anticipated truce set to take effect soon.