Current:Home > MarketsRed Sea tensions spell trouble for global supply chains-DB Wealth Institute B2 Expert Reviews
Red Sea tensions spell trouble for global supply chains
View Date:2025-01-13 03:55:36
The Red Sea is a crucial piece of the global supply chain, accounting for around 15% of the world's shipping. This includes oil tankers and massive container ships transporting everything from microchips to furniture. Recent attacks by Houthi rebels, backed by Iran, have destabilized the region and prompted the U.S. to organize a multinational naval force to protect commercial ships. Today on the show, what's going on with shipping in the Red Sea.
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