So all of this, of course, is happening at 3000 miles away. but that red sea is one of the most crucial shipping routes, transporting 15% of traded goods, typically from east to west. and 90% of our imports in the uk come by sea, typically non perishables, from energy to furniture. already, as vessels have faced attack, many major shipping firms have diverted to this route. the red line there, it takes ten days longer, adding $1 million. so the average container ships feel costs. in germany, already, tesla has halted some production as components are held up already. here on the high street, next and ikea have warned of delays. but all of this is happening after the christmas rush so consumers will notice less disruption. and even if costs are passed on, the impact should be relatively small. however, 13% of crude oil also travels by this route. the price of crude is up overnight, but it does remain below where it was last autumn. and if the conflict escalates, there are worries about potential
Tesla has halted some production as components are held up. here, on the high street, next and ikea have warned of delays. but all of this is happening after the christmas rush, so consumers will notice less disruption and even if costs are passed on, the impact should be relatively small. however, 13% of crude oil also travels by this route. the price of crude is up overnight, but it does remain below where it was last autumn. and if the conflict escalates, there are worries about potential interruptions to shipments of liquid gas, but we are currently well stocked and any impact on energy bills would not be felt for several months. so, while this is not derailing our prosperity yet, that unrest in the red sea, if it s prolonged end escalates, could threaten growth and declining inflation, just at a time when the economy
The red line there, it takes ten days longer, adding $1 million to the average container ships fuel costs. in germany, already, tesla has halted some production as components are held up already, tesla has halted some production as components are held up. here on the high street, next and ikea have warned of delays. but all of this is happening after the christmas rush so consumers will notice less disruption. and even if costs are passed on, the impact should be relatively small. however, 13% of crude oil also travels by this route. the price of crude is up overnight, but it does remain below where it was last autumn. and if the conflict escalates, there are worries about potential interruptions to shipments of liquid gas. but we are currently well stocked and any impact on energy bills would not be felt for several months. so while this is not derailing our prosperity yet, that unrest in the red sea,
Significant disruptions to the global supply chain for the duration in which we had to do that and probably a few months more as we have to get back into normal. in europe, tesla has halted some production as components are held up, as has volvo. on the high street, next and ikea have warned of delays. but this is happening after the christmas rush consumers will notice less disruption, and even if costs are passed on, the impact will be relatively small. yet a fifth of oil also travels through an area near where a tanker was seized. the price of crude rose to over $80 in the wake of the overnight assault, reflecting concerns about potential issues, but it remains below where it was last autumn. however, if the conflict escalates, there are worries about potential interruptions to shipments of liquid gas from qatar. but we are currently well stocked most of our supply is from europe, and any impact on bills would not be
Their willingness to strike. hence president biden says he won t hesitate to do it again. jonathan beale, bbc news. well, as we ve heard, the recent houthi attacks have caused huge disruption to global shipping and trade. with more on the impact of that, our chief economics correspondent dharshini david is with me. this is happening 3,000 miles away but the red sea is one of the most crucial shipping routes 7 transporting 15% of traded goods, typically from east to west. 90% of our imports in the uk come by sea, typically non perishables from energy to furniture. already, as vessels faced attack, many major shipping firms have diverted to this route. it takes ten days longer, adding $1 million to the average container ship s fuel costs. in germany, tesla has halted some production as components are held up. 0n the high street, next and ikea
Of good hope is going to create significant disruptions to the global supply chain for the duration in which we have to do that and probably a few months more as we have to get back into normal. in europe, tesla has halted some production as components are held up, as has volvo. on the high street, next and ikea have warned of delays. but this is happening after the christmas rush consumers will notice less disruption, and even if costs are passed on, the impact should be relatively small. yet a fifth of oil also travels through an area near where a tanker was seized. the price of crude rose to over $80 in the wake of the overnight assault, reflecting concerns about potential issues, but it remains below where it was last autumn. however, if the conflict escalates, there are worries about potential interruptions to shipments of liquid gas from qatar. but we are currently well stocked
The California-based technology company has been making autonomous hauls between Texas' two largest cities, while having a human behind the wheel to oversee operations, since 2019.