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Israel's conflict with Iran yielded no favorable outcomes, failing to achieve its initial objectives. Consequently, attention turned to Gaza, only to face harsher retaliation from the Houthi rebels.
On July 8th local time, the \"Magic Ocean\" ship, flying the Greek flag, and the \"ETERNITY C\", managed by Greece and flying the Liberian flag, were both sunk by Houthi rebels in the Red Sea within less than 24 hours.
展开剩余92%These two massive vessels seemingly unrelated to Israel became targets of Houthi aggression. The \"Magic Ocean\", originating from Zhuhai, China, posed no deterrent even though it might have upset China.
Establishing Rules in the Red Sea
The ironically named \"Magic Ocean\" was a colossal vessel, over 60,000 tons, departing from Zhuhai, China, under a convenient Liberian flag, for a Greek company's maritime operations. Its destination was the depths near the Hodeidah Port, Yemen, where the seabed plunges 3,800 meters deep.
Apart from the 22 fortunate multinational crew members who escaped, the ship carried 17,000 tons of ammonium nitrate. This substance is remarkable, serving as both fertilizer to nourish all life forms and a critical ingredient in explosives. Today, lying silently on the seabed amid steel wreckage, it adds a perilous yet absurd twist to the tragedy.
On the same day, the Liberian delegation reported to the International Maritime Organization that after Houthi rebels attacked the vessel operated by Greece near Hodeidah, two casualties occurred. Shipping analysis shows this incident marks the Red Sea's first fatal event for sailors since June 2024.
According to Houthi claims, their attack on these two ships was due to violations of their imposed ban. Despite multiple prior warnings from the Houthi naval forces yielding no results, they proceeded with the attack. The reason for immediate sinking was simply to \"establish rules\" in the Red Sea waters.
\"Flip-Flop Army\" Paralyzes Global Shipping
Many perceive the Houthi rebels as guerrilla fighters in flip-flops carrying AKs. However, their showcased tactics this time chilled all military observers' spines. They employed a meticulously designed \"combination punch\": unmanned boats, anti-ship missiles, suicide drones, engaging the \"Magic Ocean\" in a sustained several-hour saturation attack from land, sea, and air.
It resembled a swarm of mosquitoes attacking an elephant, unable to kill but capable of exhausting. The most lethal aspect was the final blow. After the giant lost power and became paralyzed at sea, Houthi special forces even boarded, placing eight adhesive mines, completing the deadly \"finishing move.\" This indicates Houthi armed forces had developed an incredibly detailed sinking strategy before the attack.
The British security team hired on board, confronted with such a \"swarm\" attack, were almost powerless to respond. Their traditional experience paled in the face of the swarm composed of drones and remote-controlled speedboats. The sinking of \"ETERNITY C\" and the resulting two deaths further proves that the Houthi rebels never intended to peacefully resolve disputes.
Once news spread, the entire world began reevaluating the waters of the Red Sea and the Houthi rebels. This wasn't just a successful attack but also a declaration of tactical revolution, demonstrating to the world that killing an elephant no longer required another elephant on today's battlefield.
Panic Swamps London's Insurance Market
When videos of the Houthi attack spread online, the first to collapse were not shipowners but actuaries in London, halfway around the world. The war risk rates for Red Sea routes skyrocketed overnight. Underwriters faced a question more cryptic than quantum physics: how to assess if a ship is \"associated with Israel\"?
This definition was ambiguous enough to make any ship the next target. Capital's sensitivity was most acute, and panic quickly spread from the insurance market to global shipping. If a route is completely blocked by armed militants, and if these militants cannot be removed, the only option is to open new sea lanes. After all, \"Magic Ocean\" and \"ETERNITY C\" are still lying in those waters.
Abandoning the Suez Canal and detouring around Cape of Good Hope became a painful yet only choice for shipping companies. This implies burning an extra $150,000 worth of fuel per voyage and consuming several weeks longer. This invisible noose throttles the global supply chain, but there's no alternative.
It's estimated that this detour will bring over $200 billion in additional costs to global trade annually. At the other end of the Red Sea, the once bustling cranes at Eilat Port, Israel, now gather dust. The Houthi rebels used cheap missiles to effectively enforce a \"maritime blockade\" on a sovereign nation.
The Red Sea's Table Isn't So Easy to Play
Behind any localized conflict are shadows of great powers. The narrow Red Sea has indeed become a new playing field, with Tehran undeniably the most composed player. Each missile fired by the Houthi rebels increases Iran's bargaining chips at the nuclear negotiation table. It is bloodless, using its \"agents\" to successfully display muscle and influence to the West.
Meanwhile, the former world policeman, the United States, appears hesitant and contradictory. Washington's politicians see excellent opportunities to increase military spending and troop deployments, but the Pentagon's generals are clear: using million-dollar intercept missiles to shoot down thousand-dollar drones is a losing deal. Domestic political turmoil leaves the White House unable and unwilling to commit more to the Middle East.
The U.S.'s \"strategic ambiguity\" forces Israel to confront this maritime crisis alone, tasting the bitter taste of \"limited support\" from allies. Although Trump boasted the ability to resolve the Iran-Israel conflict, the harassment of the U.S. carrier fleet in the Red Sea by Houthi rebels caused him to never find a solution to the problem.
The anger in Tel Aviv was real. Retaliatory airstrikes could not destroy the scattered Houthi command center but instead drew missiles toward Ben Gurion Airport. Officials in the Prime Minister's Office even began to review the emergency plans of the Suez Canal closure year. However, in this chaotic chess game, an unexpected role gained special status.
The five-star red flag has become a \"talisman\" on the Red Sea
The Houthi rebels openly announced that they would exempt ships flying Chinese and Russian flags, making the five-star red flag the most valuable \"peace symbol\" on the Red Sea. For a while, many foreign ships quickly \"changed their doors\" and affiliated with Chinese assets through various means, only for a safe passage ticket.
Faced with external speculation, China's response is only one sentence, \"Justice is in the hearts of people,\" and this neutral and transcendent position has unexpectedly gained \"neutral dividends\" in the tumultuous regional situation.
When a military powerhouse's aircraft carrier fleet cannot bring absolute safety and a distant flag can become a talisman, it illustrates that the power balance in the world is undergoing subtle and profound changes.
Two ships sunk in the Red Sea only left a little ripple. However, the waves of shock and awe they brought had just reached every coastline in the world, and the war really couldn't continue, right?
Beijing Daily client 2025-07-09 \"In the Red Sea, the sunken 'Magic Ocean' freighter, Houthi's armed announcement of on-site video\"
East Fortune Net 2025-07-08 \"Houthi armed attack on the near Hodeidah, Yemen, 'ETERNITYC' ship, two dead.\"
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This revised version maintains the original content's semantics while adding more detailed descriptions to enhance clarity and context.
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