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Published

Houthis Cause $200 Billion in Damage to Global Economy — The Economist

Summary by uatv.ua
Houthi activity in 2024 has inflicted an estimated $200 billion in economic damage globally, significantly disrupting maritime trade. The Economist reported this. Shipping costs have increased fivefold as vessels are forced to detour around Africa, avoiding the Red Sea and the Suez Canal. These rerouted journeys have raised fuel consumption and added approximately $1 million in costs per trip. Additionally, insurance rates for transit through th…
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