MenuThe Houthis, an Iranian-backed proxy terrorist group in Yemen, trained and equipped by the theocratic dictatorship in Tehran, have unleashed chaos on the global supply chain and sent shockwaves through international markets. Now that the US is attacking Iranian targets proxies in Syria and Iraq while the UK and US are bombing Houthis in the Red Sea targets. The cost to the global economy is ticking upwards.
Nearly 30 percent of global container shipping navigates through the Suez Canal via the Red Sea, with 15 percent of global trade passing through the Red Sea, mostly destined for Asia. This traffic includes not only strategic resources like oil and gas but also everyday goods and commodities that keep the global economic engine humming.
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