UN trade body warns of global trade disruptions, surging costs
The U.N. trade body sounded an alarm that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal
Source: mirror.co.uk
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Trade via Suez Canal collapses due to Houthi attacks
Trade via Suez Canal collapses due to Houthi attacks. "We are very worried," says a UN representative. Oil transit fell by 18 percent. Since mid-November, Iran-backed Houthi rebels in Yemen have attacked numerous ships in the Red Sea and the Gulf of Aden that they accuse of having ties to Israel. The militia sees itself as part of the self-proclaimed “axis of resistance” directed against Israel, of which the radical Islamic Hamas is also a member.
Source: tellerreport.com
Conflicts, Low Water Disrupt Global Trade
The U.N.'s trade body sounded an alarm over attacks in the Red Sea, war in Ukraine, and low water in the Panama Canal.
Source: mbtmag.com
UN's trade body raises alarm over Red Sea shipping route crisis | Business News
The United Nations Conference on Trade and Development (UNCTAD) warned that the crisis is impacting global food prices, with longer distances and higher freight rates potentially cascading into increased costs.
Source: indianexpress.com
Exporters scramble for options amid Red Sea crisis
STORY: As the crisis in the Red Sea deepens, exporters are wondering how to get their goods to market.
Source: marketscreener.com