Shipping costs soar & oil prices jump on Red Sea attacks | World Business Watch

Concerns about a global return of inflationary pressures are being heightened by rising transportation costs and an increase in the oil price. Shops and manufacturers are once more dealing with delays and rising costs as Houthi rebel strikes in the red sea continue to disrupt a vital shipping route via the suez canal.

#redsea #houthis #wion

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Concerns about a global return of inflationary pressures are being heightened by Rising Transportation cost and an increase in the oil price well days into what was supposed to be the year 2024 saw the end of inflation shops and manufacturers are once more dealing with delays and Rising costs as houis

Strike in the Red Sea and that continues to disrupt an important shipping route through the suss canal in nearly the last four weeks the cost of ocean Freights for goods traveling from Asia to Europe has increased by nearly 100% the oil prices increase on Friday due to concerns about escalating

Regional violence following the US and UK’s joint military response to the assaults for a brief while the global Benchmark Brent crude exceeded $80 per barrel Rising as much as 4.3% the last day has seen a fall in inflation due to supply chains that have mostly stabilized their pandemic train

And a decline in energy costs now both of these disinflationary impulses are being reversed by the turbulence in the Red Sea Central Bankers had hoped the recent decline in inflation would help them complete the job it will take some time to determine the entire scope of that inflationary

Impact the Red Sea confrontation is unlikely to spread to the rest of the area even after the US and UK SS a slump in merchandise trade and a surplus of freight capacity means that the price pain won’t be a replica of what it was du what it was during the pandemic

Chinese exports fell 4.6% 2023 the first annual drop since 2016 underscoring weak Global demand for goods the challenges come in it signs that US inflation may prove more stubborn than expected and this will complicate expectations for the Federal Reserve to lower their rates this year for now retailers and

Manufacturers are bracing for how the disruption will play out in the coming Months