Potential Economic Downturn Looms Amid Houthi Threats In Red Sea, Report Warns

A recent report from the Institute for International Finance highlights the dire consequences for the global economy if Houthi rebels continue to disrupt commercial shipping in the Red Sea.
With a theoretical scenario predicting a 0.4% drop in world GDP this year, the report emphasizes the urgent need for Western powers to address the escalating threats to shipping routes, particularly those leading to the Suez Canal.
The potential disruptions could lead to surging energy costs, higher...