3 submarine cables cut in the Red Sea between Jeddah and Djibouti. AAE-1, EIG and SEACOM/TGN-Eurasia are down. Note: Authorities looking at potential terror link. Confirmed: Submarine cables cut by Houthis in Yemen waters. To repair the cables, need permission from Yemen to enter their waters Insurance companies have canceled insurance for cable ships to ply in Yemen waters No maintenance cable ships willing to do repairs Cable ships cost $60-&100 million each. Who will take the risk?