Inflation Warning: Shipping Insurance Rates Soar as Red Sea Crisis Bites
Attacks by Huthi rebels have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates.
Stay updated with breaking news from Retailers Warn. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Attacks by Huthi rebels have sent insurance premiums surging, exacerbating costs already stretched by soaring freight rates.
Attack may be the first serious missile damage inflicted on a merchant ship by the Iran-backed, Shiite Muslim Houthi Rebels.
The downward inflation path faces risks from disruptions to shipping through the Red Sea, a key route for goods and fuel headed for Europe.
Tesla stumbles over 'Just-in-Time' logistics and suspends production at Gigafactory as Iran-backed attacks interrupt supply chains.
U.S. and UK warships and aircraft shot down drones, cruise missiles, and a ballistic missile overnight, "the largest attack" by Houthis yet.