[ZeroHedge] The Biden-Harris administration is facing several disasters this week.
From FEMA's botched response in the hurricane-ravaged US Southeast to elevated WW3 risks in the Middle East, one major and ongoing crisis that went underreported this week was multiple attacks by Iran-backed Houthi rebels on commercial ships in the critical maritime chokepoint of the southern Red Sea.
On Wednseday we penned a note, citing intelligence firm SynMax, which specializes in maritime and energy intelligence, about two commercial vessels targeted by Houthis:
"Two ships targeted by Houthis in the RedSea yesterday—Panama-flagged CORDELIA MOON and Liberian-flagged MINOAN COURAGE—the first such attacks since September," SynMax wrote on X.
This chaos has sparked global supply chain snarls for the shipping industry as commercial vessels are rerouted around the Cape of Good Hope.
Even more concerning is the Biden-Harris administration's failure of 'Operation Prosperity Guardian' to ensure freedom of navigation and maritime security in the critical chokepoint.
Meanwhile, the clogged chokepoint is causing major supply chain disruptions at top global ports.
CNN Business' Richard Quest pointed this out on X, "Extraordinary number of ships at Singapore. All bunched up here because of Red Sea disruption to shipping and shifts in way things are being shipped. Fascinating. This is where commerce and geo politics come face to face."
In August, former Navy Seal and Blackwater founder Erik Prince issued this dire warning about what the clogged Red Sea actually means for the West: America's "credibility and deterrence" are quickly eroding.
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