"Global Shipping Disrupted: Red Sea Turmoil Sparks Economic Concerns"

Ongoing missile, drone, and hijacking attacks in the Red Sea have disrupted international trade, leading to increased costs for shippers worldwide. The attacks by Houthi militants have prompted ships to avoid the Red Sea, causing significant diversions in trade routes and delays in shipping. This has led to higher shipping costs, production suspensions at European plants, and potential inflation risks. The disruptions are expected to persist for months, impacting global supply chains and highlighting vulnerabilities in the international trade system.