The United Nations, with insights from @UNCTAD, has raised concerns about the significant disruptions to global trade due to a combination of security and environmental challenges. These disruptions are attributed to the ongoing conflict in Ukraine, a series of attacks on shipping in the Red Sea by Houthis, and reduced water levels in the Panama Canal, which have been linked to climate change. The situation has led to a substantial decrease in freight traffic through the Suez Canal, with reports indicating a 45% drop following Houthi attacks.
Attacks against shipping in the Red Sea by Houthis are devastating for global trade and supply chains, already reeling under the impacts of the war in Ukraine and climate change-linked conditions in the Panama Canal, according to @UNCTAD https://t.co/vm4N8WSfLd
U.N. Report: Freight Through Suez Canal Down 45% After Houthi Attacks https://t.co/IXvykLYbzN
U.N. Warns Global Trade Being Strangled by Red Sea Attacks, War in Ukraine, and Low Panama Canal Water Levels https://t.co/HK93UFeDoA
UN: Global trade is being disrupted by Red Sea attacks, war in Ukraine and low water in Panama Canal https://t.co/VoQX85Vg7n
U.N. sounds alarm that global trade is being disrupted by triple threat of Red Sea attacks, Ukraine war and low water in Panama Canal - FORTUNE https://t.co/9bwrHYBBie