Yemen’s Houthi rebels and the Yemen branch of the Palestinian group Hamas on Wednesday linked the release of the crew of the Galaxy Leader vessel to the ceasefire agreement that took effect in Gaza on Sunday.

The Houthis have warned they will resume attacks on international commercial shipping if Israel reneges on Gaza truce.

London-listed shipbroker Braemar has painted a mixed picture for tankers if the Gaza ceasefire holds and the Houthis stop attacking non-Israeli ships in the Red Sea. A full return to Suez Canal routing will negatively impact tonne-mile demand for tankers, head of research Henry Curra calculated.

The leader of Yemen's Houthis said on Thursday that the Iran-aligned group would monitor the implementation of a ceasefire deal between Israel and Hamas aimed at ending the war in Gaza and continue its attacks on vessels or Israel if it is breached.

Yemen's Houthis will limit their attacks on commercial vessels to Israel-linked ships provided the Gaza ceasefire is fully implemented, the Humanitarian Operations Coordination Center (HOOC) said. The Sanaa-bsed HOCC,

Despite recently touting a Suez route, Mediterranean Shipping Company (MSC) said it will stick to Cape of Good Hope until further notice.