Tag

Global Trade Disruption

All articles tagged with #global trade disruption

international-relations1 year ago

Houthis' Impact on Global Trade and Naval Strategy

Houthi rebels in Yemen are using publicly available maritime intelligence to locate and attack vessels in the Red Sea, disrupting global trade and causing ripple effects across continents. The rebels' use of open-source information against the US and its allies is unprecedented, with their attacks denting Egypt’s Suez Canal revenue and impacting global shipping. The US and UK have responded with air strikes, but the attacks persist. The rebels' targeting methods, including using AIS data and ship identification, have led to disruptions in the shipping industry, with vessels altering routes and incurring higher costs.

geopolitical-conflict-energy-markets2 years ago

"Geopolitical Airstrikes Propel Oil Prices to Soaring Heights"

The oil price surged by 4% following US and UK strikes on Houthi targets in Yemen, leading to concerns about global trade disruption and geopolitical tensions in the Red Sea region. Stocks rose in response to U.S. inflation data suggesting potential interest rate cuts, while global stocks rallied and government bond yields edged lower. The dollar and gold rose as safe-haven assets, and the Nikkei in Japan reached a 34-year high. Meanwhile, Chinese inflation data indicated a weak economic recovery, and U.S. Fed officials remained cautious about the path of inflation.