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For a continent so dependent on specific trade routes, the European Union has short-sightedly used sanctions as a weapon against nations otherwise able to host alternative trade routes, hurting itself in the process.
After a rise in attacks by the Iran-backed Houthis, the world's largest shipping firms are staying away from the Red Sea and Suez Canal. Could the world see a repeat of the post-COVID supply chain crisis?
Experts warn attacks on shipping in the Red Sea risk provoking a new spike in inflationary pressures
After a rise in attacks by the Iran-backed Houthis, the world's largest shipping firms are staying away from the Red Sea and Suez Canal. Could the world see a repeat of the post-COVID supply chain crisis?
The Israel-Hamas war has had unpredictable effects on the decade-plus long civil war in Yemen, causing the Iran-backed Houthis to attack cargo ships run by Maersk and MSC, as well as BP oil tankers, and could cause a sprawling global shipping crisis