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Experts warn of economic impact of sustained shipping attacks and Middle East tensions

Until the full extent of the Houthi threat is known, we can only hope the tensions will ease and thank the brave sailors who continue to make trade possible

The Yemen-based rebel group has launched attacks on Red Sea shipping lanes

The WW III "hot war" is continuing to escalate this week, as the regional conflict between Israel and Hezbollah (who some believe has 10x the military power that Hamas has) escalates, as does the Naval War in the Red Sea. However, as these news reports show growing military operations against the U.S. and Israel, something that is perhaps even more devastating to the U.S. was reported this week, and has mostly gone unnoticed by the U.S. Media, and that was an announcement published earlier this week in the Russian Press that the newly expanded BRICS alliance can now become a platform...

The attacks on merchant ships in the Red Sea are severely impacting global maritime container traffic, with volumes in the area down by nearly 70% of anticipated cargo, a leading German economic institute reported on Thursday. The Kiel Institute for the World Economy (IfW) said container volume in the Red Sea "plummeted by more than half and is currently almost 70% below the volume that would usually be expected." "The detour of ships due to the attacks in the Red Sea around the Cape of Good Hop