If someone cut off the Panama Canal, Suez Canal and Malacca Straits, they would bring the world economy to its knees.
The Suez Canal is effectively shut off, it wouldn’t take much to shut the other two down, combined with ports shutting down due to a strike and it would get really bad, really fast.
This close to the election and Biden proclaiming himself the most Union Friendly President in history, it’s very unlikely the Administration will intervene to solve the situation, Kamala has no clue and has no idea of the ramifications of the strike.
It could get resolved, just keep your eyes on the situation.
“it’s very unlikely the Administration will intervene to solve the situation”
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The only thing you can be sure of is that the administration will do whatever benefits them politically. These people love power and will do anything to keep it. Oftentimes intervention can be in the form of pay offs to the right people in exchange for cooperation. The Left is very good at this kind of thing.