Politico.eu: Expensive fuel and million dollar missiles: Counting the cost of the Red Sea crisis
The standoff between Iran-backed Houthis and the West is taking a toll on the world economy.
The combat reports from Western navies operating in the Red Sea in recent days read like missives from a war zone — anti-ship missiles shot down, boats full of fighters sunk. But this conflict is playing out in one of the world’s busiest waterways and the knock-on disruption to global trade routes has the potential to reverberate around the globe.
Attacks on commercial shipping by Yemen’s Houthi militants have spiked in recent weeks in the wake of the Israel-Hamas war, with dozens of cargo ships and fuel tankers targeted or delayed as a result of the fighting. While a U.S.-led coalition has been deployed to keep peace in the region, the impact of the burgeoning conflict is already being felt in a number of sectors. And, with Iran vowing to ensure its long-running efforts to pressure Israel continue, it’s likely the crisis has only just begun.
Read more ....
Update #1: Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170% (El Pais)
Update #2: The Houthi Threat in the Red Sea and Its Global Economic Impact (The Stock Dork)
WNU Editor: Short of war the US and its allies do not have many options .... Gaza war: Why Houthis pose a stubborn challenge to US in Red Sea (CSM).
No comments:
Post a Comment