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Ships are still the cheapest option in the world compared to overland transit. These are gun-toting lunatics with zero understanding of what they are trying to change. No country with the capability of securing its interests would accept Houthis playing with their economy and Iran will have to bear the brunt of it.True. China has a land route selling stuff to Europe by rail. The attacks on ships benefit China.
Russia may eventually benefit due to the INSTC option which the Europeans will be forced to use. But such action will antagonize all other countries that are not Western. If trade ships of countries like India, Malaysia, Singapore, Sri Lanka, and other Asian countries are affected, the Houthis would end up bringing a lot of navies to their doorsteps to bomb them to oblivion.