Red Sea shipping faces disruption as Houthi strikes continue
Houthi Rebels have continued to attack commercial shipping vessels in the Red Sea, one of the world’s most important shipping channels, with fears that it will escalate the Israel-Hamas war.
Its estimated that shipping could take up to 14 hours longer in alternative routes, is this substantial enough to disrupt world shipping?
Professor Tim Harcourt, Chief Economist at UTS shares his insights.
