Shipping companies expressed caution about using the shorter route between Asia and Europe that many ships have avoided for more than a year.

Yemen’s Houthi rebels have signaled they will limit their attacks in the Red Sea corridor to only Israeli-affiliated ships as a ceasefire in the Gaza Strip takes hold.

The Iranian-backed rebel group in Yemen had earlier said they would scale back attacks given the cease-fire in the conflict in Gaza.

Houthis in Yemen have released the 25 crew members of the cargo ship Galaxy Leader, which it seized in November 2023 when an organized campaign of attacks on ships in the Red Sea began, linked to the war in Gaza.

The Yemeni rebel group says it will stop targeting vessels that transit the Red Sea.

Yemen’s Iran-backed Houthi movement has released the crew of a cargo ship more than a year after its fighters hijacked the vessel in the Red Sea, as part of its campaign of attacks in support of Hamas in its war against Israel.

The Iran-backed Yemen-based Houthi militia has released the crew of the Galaxy Leader cargo ship, more than a year after it seized the vessel as part of a maritime blockade in the Middle East during Israel's war in Gaza.

The move by the Iranian-backed Houthis marks their latest effort to de-escalate their attacks following a ceasefire in Gaza.