Red Sea on Red Alert: Visualising the Crisis and Its Impact
Vital Shipping Lane
The Red Sea connects the Suez Canal to the Indian Ocean and carries about 12% of global trade, including 30% of container traffic.
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Bab-el-Mandeb Strait
This 20-mile-wide strait between Djibouti and Yemen is the southern entrance to the Red Sea and one of the worlds busiest shipping channels.
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Houthis in Red Sea
The Iranian-backed group has launched missiles and drones at vessels passing through the Bab-el-Mandeb strait, disrupting global trade.
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Threats to Global Economy
The attacks are a threat to the global economy. Rising insurance costs and shipping delays could lead to higher prices for consumers worldwide.
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Surge in Oil Price
If the attacks continue, oil companies may halt shipments through the Red Sea, leading to higher energy costs.
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Shipping Companies' Dilemma
They can either risk sailing through the Red Sea and paying higher insurance costs or divert their vessels to longer routes.
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Global Supply Chain Disruption
The Atlantic Council warns that the attacks could create a strong headwind to the global economy.
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Increased Insurance Costs
If inflation rises due to the disruption in the Red Sea, central banks may need to raise interest rates to combat it.
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International Response
Coalition formed by US, UK, and France defends shipping, though the Houthis vow to resist any US-led deployment.
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The Houthis Against US-led Coalition
The Houthis say they will confront any US-led coalition. Mohammed al-Bukhaiti, a member of the Houthi leadership, has threatened to attack any coalition formed by the United States to protect shipping in the Red Sea.
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Situation Still Unfolding
It is too early to say what the long-term impact of the attacks will be, but they are a serious threat to the global economy.
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