Geopolitical Chicken, or America's Red Sea Dilemma

A US attack on the Houthi would lead to retaliation against US bases in Bahrain and Qatar, and would risk a regional war with Iran which in turn would weaken the US' position in Ukraine and Taiwan.

Maersk and Hapag-Lloyd are temporarily suspending shipping through the Suez Canal, following repeated Houthi attacks on commercial tanker, bulk cargo and container ships that risked sinking them. Hou…