Here’s how the Houthi attacks in the Red Sea threaten the global supply chain (CNBC)
https://www.cnbc.com/2023/12/18/how-houthi-attacks-in-red-sea-threaten-global-supply-chain.html
MSC, Maersk, Hapag Lloyd, CMA CGM, Yang Ming Marine Transport and Evergreen have all said they will be diverting all scheduled journeys immediately to secure the safety of their seafarers and vessels. Collectively, these ocean carriers represent around 60% of global trade.
Surprisingly there has been very little risk priced into oil in recent weeks, despite a steady but clear deterioration of the security situation in the Red Sea.
Strap in. Lift off., page-66
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