In response to Houthi rebel attacks, over 100 container ships have been rerouted around southern Africa, significantly impacting global trade. Shipping companies report a considerable shift in maritime routes with ships now taking the longer journey around South Africa’s Cape of Good Hope. Watch the video to learn more on the Suez Canal crisis.
#suezcanal #houthiattack #suezcanalblockade
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In response to houti Rebel attacks over 100 container ships have been rerooted around southern Africa significantly impacting global trade shipping companies including kuna and Nel report a considerable shift in Maritime routs with ships now taking the longer Journey around South Africa’s capee of Good Hope this change adds about 6,000 nautical
Miles and several weeks to transmit times from Asia to Europe the re-rooting has led to a spike in oil prices and shipping costs Bren crude oil Futures Rose by 1.2% surpassing $80 per barrel this escalation may increase Consumer Energy tariffs contributing to Global inflation Industries particularly Automotive are closely monitoring potential supply chain
Disruptions although the imediate impact on Christmas retail is minimal due to pre-stocked Inventories the Swiss Canal a 192 km Waterway connecting Asia and Europe is a key route for Global oil and LNG shipments its importance to the world’s oil trade and the Egyptian economy cannot be overstated with significant revenue generated from tools following the attacks the Swiss Canal Authority noted a change in shipping
Patterns with major fright firms opting for alternative routs historically the canal has been a focal point of geopolitical tension including the 1956 SE crisis and the closures during The Six Day War in 1967 highlighting its strategic significance in international trade and politics
9 Comments
When you use war to boost your economy it doesn’t set well with us peasants. Warmongering has to come to an end. We cannot defeat or defend the entire world and let our citizens pay the price for it.
Don give way
🇾🇪💪
Hoothi ✌️✌️🇵🇸🇵🇸
The Yemenis are noble people, and they are the original Arabs. They have a long history of freedom, courage, and defense of the weak. They defend children and women who are subjected to extermination by any group and starvation by the occupying Zionists, with Western American support, driven by the ambitions of a backward, racist political and religious atmosphere. Freedom for Palestine 🍉✌️🇦🇪
So the un can’t come together and stop them. It’s All a master plan
The Houti warriors have the right to defend against the invaders on their sea land and air space
Egypt is a Zionist puppet .El sisi must be overthrown .
👏👏👏