How the Red Sea Attacks Impact the Global Trade
The world is witnessing a surge in the cost and time of shipping goods from Asia to Europe, as a result of the ongoing attacks in the Red Sea by Yemen-based Houthi militants. The European Commissioner for Economy, Paolo Gentiloni, revealed that the shipping cost increased by 400% and the time by 10-15 days due to cargo diversion. This has serious implications for the global trade and economy, as well…










