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business reporter david waddell. let's have a look at the geography of the situation. right here is the bab al—mandab strait. it's right next to yemen, from where those houthi attacks originated. it's at the southern end of the red sea. at the northern end is the suez canal. now, ships cannot pass through the suez canal from the south without first passing through this choke point. a couple of days ago, the maersk shipping container company and hapag—lloyd both announced they wouldn't be making that transit. they've since been joined by other shipping companies. now, if you're a ...

speaking in bahrain, the us defense secretary lloyd austin said participating countries will include the united kingdom, bahrain, canada, france, italy and spain, among others. this is notjust a us issue, this is an international problem and it deserves an international response. and that's why i'm convening a meeting tomorrow, a ministerial meeting, with fellow ministers in the region and beyond to address this threat. for exactly what this shipping disruption might mean for the global economy, i spoke to hung tran, a senior fellow at the atlantic council and former deputy director ...

shipping companies may ask and halfback lloyd, another big shipping container company, have both announced they would stop sending shipping through the strait. i'll show you where thatis the strait. i'll show you where that is — so it's here, at the south side of the red sea, and at the north side of the rest see, we have the suez canal. that's red sea. these are two of the world's biggest choke if anything, it halts shipping. making its way through to india or europe, or the unit states, it has to come here, they're here, through the straits of gibraltar before going further west ...

there have been concerned that the israel—hamas would spread the region. here's our business reporter david waddell. the southern end of the red sea, the northern end of the suez canal. you can't get through the suez canal unless you make your way through this chokepoint. two companies have announced they will make that acid. one is the shipping container company maersk and the other is hapag lloyd. you need to make this much longer passage around the cape of good hope in south africa. that might add nine days, possibly more to thejourney might add nine days, possibly more to the j...

volatile fuel and energy prices and the numbers remain higher things to persistently high housing costs. combating inflation, higher interest rates make it more expensive to borrow money and that is supposed to attempt on spending which should pay runaway prices. president biden prays the data is good news and called on corporations to pass savings on to consumers and press return to normal, that means hoarding interest rates steady and as of the expected to do on wednesday. what investors really want to know is when they think will be time to cut rates and will almost never wait and...