Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%
Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%
Companies are rerouting around South Africa to avoid militia attacks in Yemen in one of the biggest disruptions to world trade since the Covid-19 pandemic
Another convenient excuse for the hand of the free market to limit supply and jack up prices even further...
I mean, if buttholes are shooting missiles at boats, I think we're beyond "convenient excuses." Do you want to captain a ship through there by chance?
Goddamnit, Doritos are already over $5 a bag! And I’m not sure they come from the Red Sea…
And corporations will certainly not use this convenient excuse to jack up their prices immediately, then keep them there after the crisis passes, right? Right?
They're real good at raising prices. Not good at lowering them. Also good at claiming record profits every year while cutting workforces.
While blaming everything else for why they are cutting the workforce to increase profits even higher
The actual cost hit due to the Houthis was 1.7%
Yeah this isn't gonna go on much longer without a military response, which I am guessing is the plan. Keep spreading the US and allied countries' military attention thinner and thinner.
the other option is to comply with the Houthi demands that the starvation of the people of Gaza be ended and supplies be allowed in accordance with the International Laws
No doubt that is why there have been muted responses to attacks - it would look really bad to the world.
They also demand a grab bag of other random extremist taking points like that the Quran should be how countries are run, and that the prophets descendents have an absolute right to rule.
https://wikipedia.org/wiki/Houthi_movement https://www.aljazeera.com/opinions/2017/12/21/the-houthis-endgame-in-yemen/
Operation Prosperity Guardian is already underway. Unfourtuantly, modern drone technology tilts the scales in favor of the attacker in this sort of situation relative to where it was a decade ago; and commercial shipping companies are not in the bussiness of shipping through active combat zones.
They did a good job of spreading themselves thin. Gotta justify that $800+ billion spending.
Guaranteeing free movement is one of the reasons we have a large military.
Navy helicopter shot down a couple of boats a few days ago, but the response will probably grow.
Yeah I mean more of an attack on land actually in Yemen situation or even potentially boots on the ground and not just some sort of cruise missile or air strike.
Things are starting to sound like the book
https://en.m.wikipedia.org/wiki/The_End_of_the_World_Is_Just_the_Beginning
which goes into a speculated deglobalization timeline with pretty detailed rhetoric.
Care to elaborate why is this relevant?
The book goes into some detail why and how the deteriorating global situation will start affecting global shipping and cascading into an array of economic crap scenarios.
People are down voting you due to the link name without actually reading it, in the future if you have links like that, it may be helpful to use a hidden link/named link like this to weed out the people who didn't actually click on it. They just see a "end of the world" link and down vote. The link you posted summerises the overall preface quite well, The issue is a global issue, more then just the US is effected by this embargo. I'm against military involvement but, I also think that's the only way to preserve the routes due to neither side being willing to even talk.
Ok have fun with your blockade thing.
I wonder if ships will face issue caused by Cape Horn since they'll have to go by that route.