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are the latest shipping companies to abandon the red sea area. the suez canal handles more than a tenth of the world's trade, but it's particularly vital for the movement of goods between asia and europe. the alternative is a long and expensive detour around the cape of good hope at africa's southern tip. because of the disruption, the cost to ship a container from china to the mediterranean has risen 44% this month alone. that's according to the online shipping marketplace, freightos. swedish homewares giant, ikea, is just one of the companies now warning of delays and possible avai...

>> lawrence: the person you least expected to be on the list. >> brian: great job, steve. >> steve: a lot of fun. >> brian: in honorable of that would you do something special for this hour? >> steve: i would love to. the second hour of "fox & friends" started 17 seconds ago. ♪ ♪ hey santa ♪ hey santa ♪ hey santa ♪ santa ♪ if you hear me,. >> steve: i could use another jingle juice. >> carley: you could use jingle juice in your coffee. digital fireplace and saw digital santa. crossing the morning sky near all-american christmas tree. not the same santa as the one who put ...

ramping up pressure on israel to define the next phase of the war with hamas. this as the idf claims it's discovered the biggest hamas tunnel in gaza and describing it as an underground terror city. hong kong pro-democracy media tycoon jimmy lai i on trial at this hour, facing his most consequential legal challenge to date. >> live from atlanta, this is "cnn newsroom" with michael holmes. hours from now, the u.s. defense secretary will arrive in israel, his second trip to the country since the october 7 attack by hamas. and u.s. officials said lloyd austin will meet with israeli ...

countries will include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that's why i'm convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for exactly what this shipping disruption might mean for the global economy, i spoke to hung tran, who's a seniorfellow at the atlantic council and also former deputy director at the international monetary fund. this area of the red sea leading...

italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that's why i'm convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond, to address this threat. for more on what the shipping disruption might mean for the global economy, i'm joined from washington by hung tran, a senior fellow at the atlantic council and former deputy director at the international monetary fund — or imf. thank you so much forjoining us on the programme. firstly, if you can explain ho...