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 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.

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

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.

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.

Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen's Houthis will continue to attack shipping,

Containerships will see the biggest impact from a gradual return of shipping to the Red Sea in 2025 with demand falling by 4%, according to Clarksons. The Houthis on Sunday announced an end to attacks on all non-Israeli shipping as long as the ceasefire between Israel and Hamas holds, and the US and UK do not attack sites that they control.

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 took hold. The Houthis made the announcement in an email sent to shippers and others on Sunday.

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.