Red Sea Crisis Forces Michelin to Halt Output in Spain Next Weekend

Four factories in Spain owned by French tyre maker Michelin are planning to halt output again on the weekend of Jan. 20-21 due to delays in the delivery of raw materials caused by the crisis in the Red Sea, the company’s Spanish subsidiary said on Tuesday.

The United States and Britain launched a series of strikes on Yemen last week, aimed at the Iran-backed Houthi militia, whose attacks on international shipping have disrupted one of the world’s most important routes since December. …