How Blocked Sea Routes Endanger Global Trade
TL;DR
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The Houthi militia is blocking the Bab al-Mandab strait, causing costly detours for trade between Asia and Europe. Shipping company Hapag-Lloyd estimates additional costs at around $600 million since the conflict began.
Source: tagesschau.de
Same event
- Bab al-Mandab Strait: Houthis Worsen Oil Crisis
- Qatar Warns: Loss of Access to Bab el-Mandeb Would Be "Catastrophic for the Whole World"
- How Blocked Sea Routes Endanger Global Trade
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