This chapter analyzes the impact of the Red Sea attacks on the global supply chain and energy costs, highlighting the importance of the Suez Canal for Europe's oil supply and the potential rise in energy costs. It includes insights from business owners facing disruptions and efforts to adapt to the situation.
For two months, Houthi militants have been launching surprise attacks on civilian ships in the Red Sea. Repeated rounds of retaliatory strikes by the US and its allies haven't stopped the assaults. Now, these tensions are threatening not only trade routes, but the broader global supply chain.
The Big Take spoke with Bloomberg News reporters Enda Curran in Washington, DC and Mohammed Hatem, who reports on economics and politics in Yemen, about what brought us to this point and how companies are trying to strengthen their supply chains in the face of uncertainty.
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