DISRUPTIONS to shipping caused by Houthis’ air strike on vessels in the Red Sea have raised the cost of Asia-Europe shipping 400 per cent, according to European Economy Commissioner Paolo Gentiloni, reports Tehran’s Iran Front Page. Mr Gentiloni also said mentioned that transit times had increased by 10-15 days, as he expressed hope that the crises won’t lead to a significant increase of inflation. Yemen-based Houthi forces who have occupied the capital for nearly a decade, have carried out...
https://www.seanews.com.tr/eu-commissioner-asia-europe-trade-now-costs-400pc-more/199701/