Breanne Deppisch is an energy and climate policy reporter at the Washington Examiner. A former national political reporter, she has closely covered campaigns, Congress, and the White House since 2016.
The Israel-Hamas war has prompted new fears about shipping and trade in the region, which analysts warn could push prices higher and threaten to upend commodities shipments in one of the most important energy-producing corners of the world.
That’s also the conclusion of Container XChange, a shipping logistics company, which published a report Friday outlining the ways that a protracted war could significantly harm business and global trade. A longer crisis that stretches beyond Israel’s borders could also disrupt or completely choke off shipping activity, including at key waypoints such as the Suez Canal and the Strait of Hormuz, both critical for commodities and container shipping.
Any reduction in shipping activity here could quickly upend commodities shipping, limiting crude oil shipments as well as shipments of refined product. A broader conflict also threatens to crater the status of the U.S.-brokered deal to normalize relations with Israel and Saudi Arabia.
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