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The Intelligence from The Economist

The Intelligence: Red (Sea) alert

Dec 18, 2023
19:51
Snipd AI
Attacks on vessels in the Red Sea threaten global trade; young Americans' misconceptions about the Holocaust; museums and NFTs
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Podcast summary created with Snipd AI

Quick takeaways

  • The attacks by Iran-backed Houthi militants in the Red Sea pose a significant threat to global trade and shipping due to the disruption of major shipping container companies and potential impact on oil supply.
  • A concerning knowledge gap exists among young Americans regarding the Holocaust, with a significant percentage believing it is a myth, potentially due to inadequate education and the influence of social media.

Deep dives

Growing Concerns over Rising Attacks in the Red Sea

There is a rising spate of attacks in the Red Sea, which is causing serious concern as it disrupts global trade. The Houthis, a militia group supported by Iran, have been launching anti-ship missiles and drones targeting ships passing through the Red Sea. This poses a significant threat to international shipping, as major shipping container companies have halted operations, affecting global container trade. The attacks are escalating, and there are fears that if the situation worsens, it could impact the nearby Arabian Sea, through which a significant amount of global oil supply passes.

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