Current:Home > ScamsMid-East conflict escalation, two indicators-DB Wealth Institute B2 Expert Reviews
Mid-East conflict escalation, two indicators
View Date:2024-12-23 23:34:26
As conflict in the Middle East spreads outwards from Israel and Gaza, the economic impacts reach globally already.
Attacks on commercial ships in the Red Sea, rocket attacks by Hezbollah and U.S. airstrikes in Yemen, trade routes blocked, oil flows disrupted, we are starting to see the interconnected economic ripples spreading.
Our colleagues across NPR are closely covering the human toll and political dynamics of the war in Gaza; on today's show, we look at two indicators of the economic disruptions and try to trace how far they will reach.
We start in the Red Sea, a crucial link in the global supply chain connecting to the Suez Canal, with around 15% of the world's shipping passing through it. This includes oil tankers and massive container ships transporting everything from microchips to furniture. With Houthi rebels attacking container ships in solidarity with Palestinians in Gaza, shipping lines are re-routing, adding time and cost to delivery. We look at how ocean shipping is a web more than a chain of links, and try to see which parts of the web can take up more strain as the Red Sea and the Suez Canal become too dangerous to pass.
Then, we'll consider what escalation could mean for the region's most important export: oil. Five steps of escalation each mean a ratcheting up of costs that knock on to other industries, like food. Some prices are likely to rise faster than others, though.
The reporting in today's episode comes from Planet Money's daily show, The Indicator from Planet Money, which explains a different aspect of the economics in the news each weekday in 10 minutes or less. Subscribe here or here for Apple / Spotify.
These Indicator episodes were hosted by Darian Woods, Paddy Hirsh, Wailin Wong and Adrian Ma. They were originally produced by Julia Ritchey and Corey Bridges with engineering by Maggie Luthar and Josh Newell. They were fact-checked by Sierra Juarez and edited by Kate Concannon.
Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Music: NPR Source Audio - "Future" and "Sunshine And My Grind"
veryGood! (145)
Related
- 5-year-old boy who went missing while parent was napping is found dead near Oregon home, officials say
- Kim Kardashian Reacts After Ivanka Trump Celebrates Daughter's 13th Birthday With Taylor Swift Cake
- Aurora Culpo Reveals Why She Was “Dumped” by Bethenny Frankel’s Ex Paul Bernon
- The NL Mess: A case for - and against - all 8 teams in wild-card quagmire
- Does your dog have arthritis? A lot of them do. But treatment can be tricky
- FACT FOCUS: Heritage Foundation leader wrong to say most political violence is committed by the left
- Taylor Swift sings 'I'm falling in love again' for second time to boyfriend Travis Kelce
- Recount will decide if conservative US Rep. Bob Good loses primary to Trump-backed challenger
- Jennifer Garner Details Navigating Grief 7 Months After Death of Her Dad William Garner
- Biden administration forgives another $1.2 billion in student loans. Here's who qualifies.
Ranking
- 'Red One' review: Dwayne Johnson, Chris Evans embark on a joyless search for Santa
- Alabama death row inmate Keith Edmund Gavin executed in 1998 shooting death of father of 7
- Alabama death row inmate Keith Edmund Gavin executed in 1998 shooting death of father of 7
- Shannen Doherty finalizes divorce hours before death
- Duke basketball vs Kentucky live updates: Highlights, scores, updates from Champions Classic
- Ashlyn Harris Shares Insight Into “Really Hard” Divorce From Ali Krieger
- Anthony Hopkins' new series 'Those About to Die' revives Roman empire
- Foo Fighters' Citi Field concert ends early due to 'dangerous' weather: 'So disappointed'
Recommendation
-
Solawave Black Friday Sale: Don't Miss Buy 1, Get 1 Free on Age-Defying Red Light Devices
-
Shocking video shows lightning strike near a police officer's cruiser in Illinois
-
New Orleans Saints tackle Ryan Ramczyk will miss 2024 season
-
Shannen Doherty finalizes divorce hours before death
-
Ryan Reynolds Clarifies Taylor Swift’s Role as Godmother to His Kids With Blake Lively
-
'Is he gonna bite the boat?' Video shows white shark circling Massachusetts boaters
-
RNC Day 4: Trump to accept GOP presidential nomination as assassination attempt looms over speech
-
Alleged Taylor Swift stalker arrested in Germany ahead of Eras show