
Bloomberg Surveillance
Bloomberg Surveillance: Inflation Accelerates
Jan 11, 2024
Dana Peterson breaks down US consumer inflation data, Erika Najarian previews bank earnings, Michael Collins predicts Fed to wait on rate cuts, Norman Roule discusses escalating tensions in the Middle East
27:13
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Quick takeaways
- The Houthi rebels in Yemen possess sophisticated military capabilities supplied by Iran, posing a risk to maritime security in the Red Sea.
- Successful Houthi attacks on commercial vessels or oil tankers in the Red Sea could have significant economic and strategic consequences, disrupting shipping routes.
Deep dives
The Houthi rebels in Yemen pose a threat to maritime security in the Red Sea
The Houthi rebels, based in the western portion of Yemen, have demonstrated relatively sophisticated military capabilities, including missiles and drones. These capabilities are supplied and trained by Iran. While the presence of US and allied forces in the Red Sea has deterred some Houthi actions, there is still a risk of attacks on ships passing through the region, which could have significant consequences for maritime security.
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