العربية

Consequences of the escalation in the Red Sea on the Israeli trade movement

The Houthi attacks affected ship navigation in the Red Sea amid the continuous targeting of Israeli ships, or those transporting goods to and from it, in an attempt to pressure Tel Aviv to stop its aggression against the Gaza Strip. This prompted many shipping companies to redirect their ships through the Cape of Good Hope route, which has led to many negative impacts on the global maritime transport sector.

Increasing the length of transportation routes leads to more demand for fuel, which increases its prices on the global market, especially since oil is already witnessing an increase due to the fear of disruption to supplies in the Middle East region, as well as rising cost prices, taking into account that the previous period has already witnessed increasing dependence on the oil of countries in the Middle East, as it is an alternative to Russian oil.

For more details, please follow the link: https://ncmes.org/2718/

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