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Suez route costs up as Houthi attacks disturb Red Sea trade arteries

Insights

• Attacks by Houthis on vessels in the Red Sea have raised security concerns and are driving up costs for the global shipping industry.
• The disruption threatens *0* per cent of global trade that passes through the Suez Canal, impacting essential goods.
• The situation could have far-reaching implications for the supply chain, pricing, and the global economy.