Six crew members have been recovered and at least three others killed after a cargo ship was attacked by Yemen's Houthis and sank in the Red Sea, a European naval mission says.The Liberian-flagged, Greek-operated Eternity C was carrying 25 crew when it sustained significant damage and lost all propulsion after being hit by rocket-propelled grenades fired from small boats on Monday,

Houthi rebels in Yemen have launched a violent new wave of attacks on ships in the Red Sea, sinking two vessels and killing crew members.

The dynamics [in shipping insurance prices] are stranger than I’ve seen before,” Baker told the Financial Times, noting how previous attacks had prompted ships to take a longer route by going around the Cape.