Inflation figures dampen fears over Red Sea disruption
While shipping costs have shot up since the Red Sea attacks began, they’re still around 70 per cent below their post-pandemic highs.
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While shipping costs have shot up since the Red Sea attacks began, they’re still around 70 per cent below their post-pandemic highs.
Quite apart from the Israeli Prime Minister’s alleged corruption, his whole “Mr Security” schtick is risible post 7 October.
The Red Sea attacks, like US-China tensions and Russia’s war in Ukraine, are straining the old economic order.
If attacks on ships continue, President Biden may well authorize a strike on Yemen even at the risk of escalating tensions with Houthis ally, Iran.
The increasing danger of the Bab al-Mandab Strait has serious potential ramifications for European and world trade.
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