C’mon, Butty-gig...go fix this supply chain problem. You’re needed in Yemen.
“We see the outcomes as fairly binary.” Didn’t these jerks get the message? It should be “non-binary.”
There is no serious U.S. national interest at stake here. Let the Europeans protect their own ships.
“...5 out of 4 largest container shipping companies...”
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5 out of 4?
The $9.4 billion dilemma: Egypt will need to act
against Houthis to protect Suez Canal
https://www.calcalistech.com/ctechnews/article/hkpbd00alp
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“...the Suez Canal handles approximately 98% of the ships
traveling between Europe and Asia... Last fiscal year,
the canal contributed $9.4 billion to Egypt’s economy...
On average, the canal generates $25-30 million each day
for Egypt through shipping fees and additional services...”
The West has known this would happen eventually. Russia has already aligned with Iran and Yemen. This situation along with Ukraine, and China acting up will lead to WW3. I hate to be the doomsday person. But it really doesnt look good at all. I’d start planning for major shortages on everything soon.
If this slows done artival of my Ikea ottoman, I vote to nuke Yemen and Iran.
See what some 2,000 terrorists with advanced Iranian weapons can do? Hold the entire world’s shipping hostage. An no one does anything about it ...
Zeihan was right.