SHIPPING through a critical Red Sea route has dropped to its lowest level since attacks by Iran-backed Houthi rebels began, raising concerns about inflation, reports London’s Daily Telegraph. According to Lloyd’s List Intelligence data, only 927 cargo vessels passed through the narrow shipping channel to the Red Sea in June, down from 978 in May. This is the lowest number since the Houthi attacks escalated in November. Year-on-year transits fell 59 per cent, compared to a 42 per cent drop in...
https://www.seanews.com.tr/red-sea-attacks-trigger-inflation-concerns-as-shipping-declines/200851/