'No shipping, no shopping': Trade experts warn Congress what more Houthi Red Sea chaos will mean for economy
Publishing timestamp: 2024-01-31 06:47:52
Summary
Maritime experts warn Congress that Houthi attacks in the Red Sea will have a significant impact on consumer prices and global freight prices. The attacks have led to increased shipping costs, delays in the global supply chain, and disruptions to trade routes. The experts emphasize the need to stop the attacks to protect seafarers and maintain open trade lanes. The article highlights the potential inflationary effects and the negative impact on the consumer economy.
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Keywords: vf corp, red sea, government and politics, middle east, world economy, transportation and shipping, united states, transportation, politics, houthis, breaking news: politics, foreign policy, business news, breaking news: business, ap moeller - maersk a/s, shipping,