..................they want us to get involved in the conflict to unite the Arab World. Let's see how Uncle Joe handles this crisis which is causing shipping costs to skyrocket and threatens to do the same with oil prices. Iran is denying they can control the rebels.
Link: https://www.msn.com/en-us/news/world/houthi-rebels-fire-missile-at-us-warship-amid-red-sea-conflict-they-re-now-finally-calling-a-spade-a-spade/ar-BB1hkMqo?ocid=msedgntp&pc=HCTS&cvid=77f19b899a6c4ca48c4d62c40758bb1b&ei=55
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Houthi won't attack China-flagged and Russia -flagged ships in red sea. This has been keeping shipping costs from getting too bad.
Link: https://www.businessinsider.com/ships-red-sea-all-chinese-houthi-attack-yemen-gulf-aden-2024-1
Joe cannot afford to piss off Michigan’s huge Arab community any more than he has.
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The Houthis are primitives.
We’ll probably be suppressing their missile attacks until the shit in Gaza ratchets down.
However, most of the shipping is still going around the Cape, so I’m not sure there is much point to it all.
A 250% increase is not skyrocketing, Let's call it, ummm, slightly surging. No, not surging. That sounds big. Slightly boosting. Costs have slightly boosted.
Link: https://x.com/MenthorQpro/status/1747076655938437546?s=20
I spoke too broadly, true. I was thinking overall costs, not the specific costs of shipping.
My bad.
Link: https://www.cato.org/blog/us-military-role-red-sea-now-turning-offensive-bad-deal
Shipping costs are only a part of the overall price of an item. But it will stretch the supply chain and cause knock-on effects eventually. The hit on the oil tanker is likely to increase insurance costs further and certainly is a blow to sentiment. It was wonderful, though, that the cargo originated in Russia. Chef’s kiss to the Houthis.
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