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Global shipping has been impacted by the effective closure of the Red Sea - but strong disinflationary forces are at play and somewhat minimising the impact.
The combined US-UK attack puts the Red Sea trade route in jeopardy and threatens to increase prices, although experts view the risks as contained for now
MARKET WRAPS Watch For: Producer Price Index for December; Earnings from Bank of America, BlackRock, Citigroup, JPMorgan, UnitedHealth, Wells Fargo Today's Top Headlines/Must Reads: ... -January 12, 2024 at 06:29 am EST - MarketScreener
There are growing fears of the economic implications of the continued disruption to shipping caused by the Houthi attacks on container ships, with Tesla among the latest companies to take a hit.
The rerouting of container shipping around the Cape of Good Hope is increasing costs and delays for shippers. But a repeat of the pandemic-era supply chain crisis is not on the cards