Attacks in the Red Sea Impacting Global Trade and Shipping Introduction Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based in Yemen, carriers have already diverted more than $200 billion in trade over the past…
Threat to Global Trade in the Red Sea Persists Despite Efforts to Protect Commercial Vessels Maersk’s Decision to Pause Red Sea and Gulf of Aden Transits Reflects Challenges Faced by Operation Prosperity Guardian The threat to global trade in the Red Sea remains high, even with efforts to protect commercial vessels from attacks by Iranian-backed…
Vice President Kamala Harris Deepens Outreach to Southeast Asia at International Summit Kamala Harris Strengthening U.S. Commitment to Southeast Asia Vice President Kamala Harris is set to enhance her engagement with Southeast Asia at an international summit in Jakarta, Indonesia this week. Her attendance aims to address concerns over U.S. commitment to the region, especially…
Russia’s Withdrawal from Black Sea Grain Initiative Raises Concerns about Global Food Security Introduction Russia’s withdrawal from a critically important wartime deal that allowed the export of Ukrainian grain across the Black Sea has reignited fears about global food security, with analysts describing the initiative’s demise as both an inevitable setback and a blow to…
The International Energy Agency predicts slow growth and peak in oil demand Global oil demand growth will trickle nearly to a halt in the coming years and peak this decade, according to the International Energy Agency, with Chinese consumption set to slow down after an initial pent-up recovery. “The shift to a clean energy economy…
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