Yemen's Houthis have indicated they will restrict their Red Sea attacks to vessels linked with Israel amid a ceasefire in Gaza.

The Houthis said they will stop attacking US and UK vessels in the Red Sea area in response to the Israel-Hamas ceasefire agreement, following a more than year-long campaign that’s upended global trade.

Yemen’s Houthi rebels have signaled they will limit their attacks in the Red Sea corridor to only Israeli-affiliated ships as a ceasefire in the Gaza Strip takes hold.

The second reason is politics. The Houthis have made it clear that any re-opening of the route is contingent on the modalities and progress of the ceasefire between Israel and Hamas, the implementation of which began on Sunday. “There are still many ifs and buts to the situation,” the executive said.

Yemen's Houthis will limit their attacks on commercial vessels to Israel-linked ships after the Gaza ceasefire came into

The Yemen-based Houthis signaled a pause in their months-long attacks on commercial ships following a ceasefire deal between Israel and Hamas.

Maritime security officials said on Thursday they were expecting Yemen's Houthi militia to announce a halt in attacks on ships in the Red Sea, after a ceasefire deal in the war in Gaza between Israel and the militant group Hamas.

War risk insurance rates for Red Sea transits fell overnight as the market digested the Houthi announcement of a halt to its missile campaign against non-Israeli shipping, according to industry players.

The Houthi rebels in Yemen have announced plans to limit their Red Sea attacks to ships affiliated with Israel as a ceasefire in Gaza entered its second day on Monday. The announcement, via email, follows weeks of reduced maritime assaults but leaves global shippers cautious about reentering the crucial route between Asia and Europe.

Houthi, said the Iran-aligned group will monitor the implementation of a ceasefire deal between Israel and Hamas and will continue its attacks on ships in the Red Sea if it is breached.