Red Sea crisis: Maritime attacks drive up costs
Edited By WION Video Desk
Published: Dec 31, 2023, 06:35 IST | Updated: Dec 31, 2023, 06:35 IST
Hundreds of cargo ships that normally travel the vital Red Sea and Suez Canal transit are rerouting, which is driving up shipping prices. The Suez Canal crisis and the drought at the Panama Canal are disrupting the key maritime artery of the Red Sea. Central bankers now face challenges in combating inflation due to the increase in commercial shipping costs.
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