The attacks included the Galaxy Leader seizure in November and a drone attack on the MV Saibaba in December 2023.
In January 2024, Jaiswal said India strongly supported freedom of navigation and commercial shipping.
The finance ministry said 80% of India’s Europe trade used the Red Sea route.
Houthi attacks forced ships to travel around Africa, increasing freight and insurance costs.
These higher costs could affect Indian exports and inflation.
The December 2023 drone attack on the Indian-crewed MV Saibaba in the southern Red Sea.
The latest situation has added an energy issue to those long-standing Indian worries. In August 2026, two tankers carrying crude for Indian refiners switched off their tracking systems.
The tankers travelled through the Red Sea and left via Bab-el-Mandeb.
The Houthis had announced a blockade of Saudi oil shipments.
The Indian Oil Corporation hired one ship, and Mangalore Refinery and Petrochemicals hired the other.
An Indian flagged ship carrying 13 notionals sank near yemon on august 4. A projectile hit the ship before it sank in the red sea.