Houthi attacks just cost traders 12% of global trade - here's the $70 oil impact
Key Points
- Houthi attacks in the Red Sea are disrupting maritime trade,...
The Red Sea just became the maritime equivalent of that one highway construction project that turns your 20-minute commute into an hour-long meditation on poor life choices. Houthi militants have decided to escalate their attacks on merchant vessels, and two Liberian-flagged cargo ships have already met their watery graves, taking some unfortunate seafarers hostage in the process.
When Your Shortcut Becomes the Long Way
Here's the math that makes shipping executives break out in cold sweats: the Red Sea and Suez Canal handle about 12% of global trade. That's not pocket change territory. ...
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