How Houthi militant attacks in Red Sea threaten global supply chain

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How Houthi militant attacks in Red Sea threaten global supply chain

NBC News · ⏱ 2:57 · 75.8K مشاهدة · 2 yr ago

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this video shows Yemen's houthi Rebels taking control of cargo ships the houthis provided the video and blurred faces and it all demonstrates how they're disrupting one of the world's busiest shipping lanes in the Red Sea where thousands of massive cargo ships travel through every year signs of possible Regional escalation of the Israel Hamas conflict also now affecting the global supply chain number of the world's biggest oil and cargo shippers have rerouted hundreds of ships to avoid the violence the White House saying Friday it's monitoring the situation closely instead of direct route from East Asia to ports in Europe ships are instead going around the southern tip of Africa estimated to be an extra 10 to 14 days of travel to avoid the attacks IL equipped ports in Africa already becoming overwhelmed with massive cargo ships stopping along the long route this according to Reuters report citing shipping companies and analysts MK one of the largest shipping companies in the world telling Reuters its vessels will try to gas up at origins or destinations in Europe or Asia to avoid adding more chaos and Brands like the planet's largest furniture store IKEA or warning about delays resurgent retailer abian fit will move some shipping to air according to an email to suppliers Bloomberg reviewed and reported NBC has not seen the email and abomi did not respond respond to our request for comment the attacks already leading to 5% increase in the cost of shipping container from Asia to the east coast of the us since October 7th according to logistics company freightos and everyone is keeping close eye on gas prices just starting to tick back up as oil giant BP also diverting shipments all countries have the right to move freely and lawfully in international waters to try to prevent more disruption new international Force dubbed operation Prosperity Guardian led by the US is shooting down drones and defending cargo ships it would be damaging to Britain damaging to the whole world if there are these repeated attacks on shipping the houthi militant group has backed toas since the start of the war with Israel and for now with attacks in the Red Sea raging on questions swirl on just how much the violence in the Red Sea could create more Ripple effects around the world the National Economic Council director brainer today saying they're monitoring the situation closely but not expecting the attacks to have big effect on holiday prices of course that's right around the corner and those products are already in the US but it is definitely something we'll all be watching closely heading into the new thanks for watching stay updated about breaking news and top stories on the NBC News app or follow us on social media