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World News@lemmy.mlEnglish · 1 year ago

Container ship traffic through the Suez Canal has decreased by 90% year-on-year in the first week of January, significantly disrupting global trade routes. 👏

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Container ship traffic through the Suez Canal has decreased by 90% year-on-year in the first week of January, significantly disrupting global trade routes. 👏

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World News@lemmy.mlEnglish · 1 year ago

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Suez Canal Crisis: A New Catalyst for Global Inflation | OilPrice.com

The Suez Canal, a critical global shipping route, has seen a dramatic drop in container ship traffic due to Houthi rebel attacks, leading to increased shipping costs and stoking fears of an uptick in inflation.

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Avid Amoeba
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1 year ago
Sounds like a great excuse to … checks notes … raise 'em prices!!! money_guns.gif

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