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

Yemen's Houthi rebels signaled Monday they now will limit their attacks in the Red Sea corridor to only Israeli-affiliated ships after a ceasefire began in the Gaza Strip, but warned wider assaults could resume if needed.

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.

DUBAI, United Arab Emirates -- Yemen's Houthi rebels signal they will limit attacks in the Red Sea corridor to Israeli-affiliated ships.

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.

Yemen's Houthi rebels have announced a focus on attacks against Israeli-affiliated ships in the Red Sea. This comes amidst a fragile ceasefire in Gaza. The move affects global shipping and could provoke further hostilities,

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.

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.

An oil tanker that burned for weeks in the Red Sea and threatened a massive oil spill has been “successfully” salvaged.

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.