Freight levels through the Suez Canal have plummeted by 45% since Iran-backed Houthi militants began attacking vessels in the Red Sea, risking higher inflation and food insecurity.
Freight going through the Suez Canal has plunged by nearly half since Iran-backed Houthi militants began attacking vessels in the Red Sea as a show of support for Palestinians in the Israel-Hamas war. UNCTAD, the United Nations Conference on Trade and Development, which supports developing countries in global trade, says that 39% fewer ships than at the start of December transited the canal, leading to a 45% decline in freight tonnage.
has warned of risks of higher inflation, uncertainty about food security and increased greenhouse gas emissions due to the sharp decline. "We are very concerned," Jan Hoffmann, UNCTAD's head of trade logistics told a briefing late on Thursday. "We are seeing delays, higher costs, higher greenhouse gas emissions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
45 Early Signs of Alzheimer's Everyone Over 45 Should KnowDigital destination for sophisticated men & women. Live your best life with expert tips and news on health, food, sex, relationships, fashion and lifestyle.
Read more »
Russia launches 45 drones in mass barrage of Ukraine as Kyiv continues war cabinet reshuffleUkrainian officials say Russian forces have launched 45 drones over Ukraine in a five-and-a-half-hour barrage
Read more »
Gamecocks continue history, take down Mobile Christian 45-44After the ladies were able to host the area title for the first time in school history and win it, the team will now move on to the second round.
Read more »
For first time in 45 years, spirits surpass wine in sales: reportAs inventory positions rebalance and tasting room visitations rise, positive growth is expected for premium players, according to industry insiders.
Read more »
Food Diary: What a 45-Year-Old Orchestra Conductor Making $950,000 Eats in San FranciscoBetween lunch meetings and evening concerts, he eats at 20 restaurants around the city, trying piroshki, dungeness stuffed squid, chicken liver mousse, and more. At home, he makes carnitas tacos with greens from his own garden.
Read more »
Thomas Kingston, Former Boyfriend of Pippa Middleton and Husband to Lady Gabriella, Dead at Age 45Thomas Kingston, the former boyfriend of Pippa Middleton and husband to royal family member Lady Gabriella, has died at age 45.
Read more »