After a rise in attacks by the Iran-backed Houthis, the world’s largest shipping firms are staying away from the Red Sea and Suez Canal. Will we see another supply chain crisis?
After a rise in attacks by the Iran-backed Houthis, the world’s largest shipping firms are staying away from the Red Sea and Suez Canal. Will we see another supply chain crisis?
Will we see billionaire cunts using this as an excuse to increase profit margins?
Sorted that for you there
Yes, correct.
“Although supply chains have since mostly returned to normal, the security threat in the Red Sea could see prices double over the next few weeks, say analysts. Global freight rates were already rising again after the Panama Canal last month curbed the number of vessels that could ply the waterway that connects the Atlantic and Pacific oceans due to a drought.”