Replies

He also doesn't have any concern about shutting down one of the world's most important navigable waterways. They are essentially pirates shutting down the Red Sea to global shipping which has HUGE economic costs.

Since late 2023, the Houthis have launched over 100 attacks on commercial vessels, sinking two ships, seizing one, and killing at least four crew members. This has effectively choked off the Red Sea-Suez Canal route, which normally handles about 12% of global trade, 30% of container shipping, and 10-12% of the world’s oil and liquefied natural gas shipments. With major shipping companies like Maersk, MSC, and Hapag-Lloyd rerouting around Africa’s Cape of Good Hope, the detour adds 3,500-4,000 nautical miles and 10-14 days to each trip. That’s a logistical nightmare.

Estimates are the Houthis are causing $200 MILLION PER DAY in increased shipping costs to avoid the Red Sea. Hundreds of billions in trade value are at stake annually.

This obviously contributes to inflation.