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Published 3 months ago

Houthi attacks in the Red Sea are idling car factories and delaying new fashion. Will it get worse?

  • Yemen's Houthi rebels are attacking cargo ships in the Red Sea, causing disruptions to global trade and forcing traffic away from the Suez Canal.
  • The longer the war in Gaza continues, the greater the threat to Red Sea trade and the potential for a surge in goods inflation by up to 2%.
  • The disruptions in shipping routes have led to delays, increased costs, and factory shutdowns, affecting industries such as automakers and car brands.
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