Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe carrying 12% of global container traffic. This chaos is starting to disrupt shipments of produce, from coffee to fruit, and threatening to halt a slowdown in global food inflation. The disruption risks higher prices and food spoiling, potentially leading to a shortage of goods and rising prices for them. The conflict in the Red Sea could disrupt supplies and increase food prices in Europe, with the potential to compromise 10% of the world's trade and affect about 14% of cereal grains and 4.5% of soybeans traded globally.
Red Sea maps show how the global economy is being hit by the Houthi attacks https://t.co/Y1QVmkN3Sg
⚠️ EXPLAINER-WHAT DOES RED SEA DISRUPTION MEAN FOR EUROPE'S ECONOMY? (Reuters) Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe, carrying around 15% of global… https://t.co/FiESL03iXq
Houthi attacks against commercial ships in the Red Sea have upended global shipping. The disruptions could soon ripple through the global economy. https://t.co/BQBMkfccHJ
Bloomberg: Unrest in the Red Sea is bad news for the world's fragile food supplies. https://t.co/cA3KV2jrnE
The Houthis have fired dozens of drones and missiles at ships in the Red Sea. These maps and charts show how their attacks have disrupted global trade https://t.co/J5Y15BSjfJ ⬇️
Houthi attacks on merchant shipping in the Red Sea are causing widespread disruption to global trade — but the damage to individual vessels has so far been relatively light https://t.co/OYEPJ922Fr via @alexlongley1 https://t.co/s0EncoNpRx
Bloomberg : The situation in the Red Sea could provoke a disruption in food supplies, including fruit and coffee, to the European Union. This is fraught with a shortage of goods and rising prices for them According to the agency, ships that transport products from Asia to Europe… https://t.co/d5z8Ozo6LC
The chaos in the Red Sea is starting to disrupt shipments of produce, from coffee to fruit, and threatening to halt a slowdown in global food inflation https://t.co/hGVI6rNpSj via @economics
The attacks on shipping vessels by Houthi rebels have upended supply chains — and the effects are starting to play out around the world. https://t.co/msVpMeR9oE
Houthi Missiles Do Far More Damage to Trade Than to Actual Ships #oott https://t.co/cjjFeG2j8H
Houthi attacks on merchant shipping in the Red Sea are causing widespread disruption to global trade — but the damage to individual vessels has so far been relatively light https://t.co/mRCajpsHGV
Houthi attacks in the Red Sea are disrupting shipping lanes throughout the region, compromising 10% of the world's trade. About 14% of cereal grains and 4.5% of soybeans traded globally pass through the Suez Canal. 🤔 Global demand for agricultural commodities is increasing… https://t.co/1VB3WcPQOL
As Bloomberg writes, “unrest in the Red Sea is bad news for the world's fragile food supply. Supply disruptions can lead to higher prices and food spoilage. This threatens to halt the decline in global food inflation." By "peace" Bloomberg means that rising food and commodity… https://t.co/HY5tu6BLSD
🇾🇪🇪🇺🇺🇸‼️🚨 HOUTHI SANCTIONS: The conflict in the Red Sea could disrupt supplies and increase food prices in Europe, writes Bloomberg. "Chaos" is already beginning to lead to disruptions in food supplies - from coffee to fruit. https://t.co/rdC42eC0Be
The chaos in the Red Sea is starting to disrupt shipments of produce, from coffee to fruit, and threatening to halt a slowdown in global food inflation https://t.co/7Ij0XeEFl8
Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe carrying 12% of global container traffic https://t.co/YlPK8XHrwC
Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe carrying 12% of global container traffic. More here: https://t.co/EQyXPpLllF
⚠️ EXPLAINER-WHAT DOES RED SEA DISRUPTION MEAN FOR EUROPE'S ECONOMY? (Reuters) Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal, the fastest sea route between Asia and Europe carrying 12% of global… https://t.co/00mPbh94yO
Red Sea Unrest Is Bad News for World’s Fragile Food Supply Shipping disruption risks higher prices and food spoiling That’s threatening to halt a slowdown in global food inflation https://t.co/8Umg5kbKQd