"Red Sea Shipping Disruptions: Impact on Global Trade and Economy"

Houthi attacks on container ships and oil tankers in the Red Sea are reshaping global shipping flows, increasing costs and causing disruptions in supply chains. The attacks have led to longer alternate routes, parts shortages for manufacturers, and idling of plants. While the impact on U.S. consumer prices is currently limited, the attacks are raising concerns about wider economic costs and potential inflation. The conflict is spreading beyond the Red Sea, threatening trade routes and prompting major oil companies to halt shipments. Despite the disruptions, the impact on energy prices and the global economy remains limited for now.