Name: Houthi Attacks Hit Global Shipping, Driving Up Transport, Consumer Prices
Uploaded: 2023-12-20T22:59:13.000Z
Description: Attacks by Houthi terrorists on merchant ships in the Red Sea are forcing up costs for shipping companies. Bloomberg says it's adding as much as $22 billion to the valuations of shipping companies. And that, in turn, will drive up costs for consumers.

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Attacks by Houthi terrorists on merchant ships in the Red Sea are forcing up costs for shipping companies. Bloomberg says it's adding as much as $22 billion to the valuations of shipping companies. And that, in turn, will drive up costs for consumers.

Here to speak with us about this and other potential impacts of the attacks is Jim Nelles, a supply chain consultant and economic analyst.

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