World News @lemmy.world boem @lemmy.world 10 mo. ago

Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%

english.elpais.com Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%

Companies are rerouting around South Africa to avoid militia attacks in Yemen in one of the biggest disruptions to world trade since the Covid-19 pandemic

97 comments

Another convenient excuse for the hand of the free market to limit supply and jack up prices even further...
- I mean, if buttholes are shooting missiles at boats, I think we're beyond "convenient excuses." Do you want to captain a ship through there by chance?
  
  Any legitimate situation will be taken to gouge prices far beyond their actual additional costs. So yes, it is a convenient excuse.
  
  Did they sink any?
  
  Did literally one person die?
- Goddamnit, Doritos are already over $5 a bag! And I’m not sure they come from the Red Sea…
And corporations will certainly not use this convenient excuse to jack up their prices immediately, then keep them there after the crisis passes, right? Right?
- They're real good at raising prices. Not good at lowering them. Also good at claiming record profits every year while cutting workforces.
  
  While blaming everything else for why they are cutting the workforce to increase profits even higher
- The actual cost hit due to the Houthis was 1.7%
Yeah this isn't gonna go on much longer without a military response, which I am guessing is the plan. Keep spreading the US and allied countries' military attention thinner and thinner.
- the other option is to comply with the Houthi demands that the starvation of the people of Gaza be ended and supplies be allowed in accordance with the International Laws
  
  No doubt that is why there have been muted responses to attacks - it would look really bad to the world.
  
  They also demand a grab bag of other random extremist taking points like that the Quran should be how countries are run, and that the prophets descendents have an absolute right to rule.
  
  https://wikipedia.org/wiki/Houthi_movement https://www.aljazeera.com/opinions/2017/12/21/the-houthis-endgame-in-yemen/
- Every major country is affected by this. India and China have as much interest in free passage through the Red See as the US or the EU.
  
  And yet China, who has a naval base in Djibouti, seems to just be sitting back and letting everyone else tackle this
- Operation Prosperity Guardian is already underway. Unfourtuantly, modern drone technology tilts the scales in favor of the attacker in this sort of situation relative to where it was a decade ago; and commercial shipping companies are not in the bussiness of shipping through active combat zones.
- NATO has so many resources, it's the entire purpose of NATO.
  
  Saying the resources are being spread thinner is a undebatable fact but I would say not every military/country in NATO had even CLOSE to 100% of people working on Ukraine before Israel piped up.
  
  NATO can handle a lot more of this shit
- Navy helicopter shot down a couple of boats a few days ago, but the response will probably grow.
  
  Yeah I mean more of an attack on land actually in Yemen situation or even potentially boots on the ground and not just some sort of cruise missile or air strike.
- They did a good job of spreading themselves thin. Gotta justify that $800+ billion spending.
  
  Guaranteeing free movement is one of the reasons we have a large military.
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- Yeah, or the US just invades Yemen with global support, triggering the regional crisis Iran wanted.
  
  None of the regional powers actually care about Palestine outside of using it as a convenient political excuse.
  
  Some of the governments of various regional powers may not care. However the Palestinian cause has massive popular support.
  
  In Yemen I think it’s both. The Yemeni people were starved and bombed by the Saudis with lots of US support. It shouldn’t be surprising to anyone that they feel a deep sympathy for what Palestinians are going through.
  
  The US will lose to the Houthis faster than they did to the Taliban. The Houthis are far better soldiers than the Taliban an have already been dodging US made bombs for a decade.
  
  But hey, maybe it'll stabilize Red Sea trade long enough for the Zionists to complete their genocide.
- The Houthis do this because Iran tells them to. WTF. Can't believe you're white-knighting this.
  
  Edit: frfr
  
  Maybe the Houthi's just take their slogan literally and have their own motivations? Everyone's got to be a puppet though. Is Israel doing a genocide because the US told them to?
- Two generations are about to learn why America has such a large Navy
- Didn't expect to see pro-violent Islamic terrorism opinions when I logged into lemmy this morning but here you are
  
  II could marginally accept the term "piracy", given that the Houthis in North Yemen are not recognized as a country, but ..."islamic terrorism"? Really? If this is islamic terrorism, what is Isis and Boko Haram? This is the same kind of trivialization that passes for Israeli political discourse these days, like calling Hamas "worse than Nazis"?
  
  These people are not disrupting shipping to establish a kalifate, they are at best intervening in a political land dispute, at the worst doing the best they can to stop an ongoing genocide.
  
  I don't know how you don't see the difference between a political action like a blockade and actual violent Islamic terrorism. There seems to be a disconnect there. The blockade should be praised as a good thing when compared with all the other terrible actions that could've been chosen instead.
  
  Quite depressing how many people up here stand with genocidal terrorists (Hamas).
I wonder if ships will face issue caused by Cape Horn since they'll have to go by that route.
Ok have fun with your blockade thing.
Things are starting to sound like the book

https://en.m.wikipedia.org/wiki/The_End_of_the_World_Is_Just_the_Beginning

which goes into a speculated deglobalization timeline with pretty detailed rhetoric.
- Care to elaborate why is this relevant?
  
  The book goes into some detail why and how the deteriorating global situation will start affecting global shipping and cascading into an array of economic crap scenarios.
- Doomer nonsense.
  
  The book is about the US backing off from protecting global trade and what happens afterword. Such is the core thing holding up our current globalized trading system.
  
  It isn’t about everyone dying or some shit (“Doomerism”), it is about geopolitics.
  
  You should read it. Pretty much no one understands how the current state of international affairs has been maintained by global trade. The U.S. Navy protects all global trade. Not just trade to and from the U.S., but obviously it’s not a popular domestic position and it doesn’t make much sense for the U.S. to continue anyway. There’s winners and losers, but mostly losers
  
  Sure, but some interesting observations. 😅
  
  What parts did you find unconvincing?
  
  You read it, right?
- People are down voting you due to the link name without actually reading it, in the future if you have links like that, it may be helpful to use a hidden link/named link like this to weed out the people who didn't actually click on it. They just see a "end of the world" link and down vote. The link you posted summerises the overall preface quite well, The issue is a global issue, more then just the US is effected by this embargo. I'm against military involvement but, I also think that's the only way to preserve the routes due to neither side being willing to even talk.

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