Every thing has a cost. Everything. Its very simple calculus really. What will be the short-term, medium-term, and long-term damage in dollars and lives of allowing this ship to break apart?
What will be the equivalent of using military action - if necessary?
Either decision will cost dollars. Either decision will cost lives. We either pay up front, or we pay down the road, but we will pay. We need to determine the cheaper cost and steel ourselves to pay it.
My personal wild guess: nothing will happen, the ship will break apart, no one will dare and try to contain it for fear of getting targeted by someone's warship or drone, and only the nations who can afford it will clean up their coasts.
Realistically the only one who could do this is the US. But the US may not want to fight the Houthi, which would probably be necessary.
If a major food supply fails in the Middle East, we might see another mass-migration like that driven by the Syrian conflict.
Whether we like it or not, everything today is global.
https://www.thedrive.com/the-war-zone/5497/us-destroyer-atta...