Additional war risk insurance premiums paid when ships sail through the Red Sea have increased by up to two percent of the ship's value.

First-half earnings in Asia revealed that the ongoing impact of the Red Sea crisis will continue to be a costly burden for companies that manufacture goods for export, while companies that transport these goods benefit from higher freight rates as the crisis deepens.

The report said it is not entirely clear how the Houthis and Iranians work together, but stopping the threat to shipping requires more than shooting down incoming missiles and extends to disrupting intelligence and targeting systems.

An American institute spoke about the connection between the Houthi attacks on ships in the Red Sea and Iranian national and international strategic agendas, stressing that the current attacks on maritime targets in the Red Sea are coordinated with Iran to ensure that nothing deviates from Tehran's intentions.

Two British ships were attacked in the Red Sea off the coast of Yemen on Tuesday but neither reported any damage, two British maritime authorities said.