A recent US intelligence report unveiled that the US has poured approximately one billion dollars into military strikes against the Houthi fighters in Yemen.

In collaboration with the UK, the US has been conducting strikes against the Houthis for months in a bid to curtail their assaults on ships, which the group claims are heading to or affiliated with Israeli Occupation in support of Palestinians in Gaza who have been enduring attacks for nine months.

Also Read: Houthis say they arrested “American-Israeli” spy network

The intelligence report highlighted that "the US Navy has spent one billion dollars so far on ammunition to counter ballistic missiles, anti-ship cruise missiles, and armed drones in the region," according to the American news site Axios,

Despite numerous Houthi operations being intercepted, the report indicates that the group's arsenal does not appear to be significantly depleted, even with the continuous US and UK strikes against them, as stated by Behnam Ben Taleblu, a senior fellow at the Foundation for Defense of Democracies (FDD).

The impact of Houthi interceptions has been felt globally, with reports showing that they have affected the interests of over 65 countries, leading to rerouting of cargo for at least 29 major shipping and energy companies away from the region.

Container shipping through the Red Sea has plummeted by nearly 90 percent since mid-February, a route that typically handles between 10 and 15 percent of international maritime trade.

Also Read: Oil tanker in Red Sea reportedly hit by Houthi missile

During the same period, insurance premiums for passage have surged to 1 percent of the ship's total value.

Alternative routes around Africa now span about 11,000 nautical miles, resulting in a two-week increase in travel time and an additional million dollars in fuel costs.