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
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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.
This is the truth. We're now in a place where prices only ratchet up... All they need is a global event, and like beats of a drum, all of the megacorps raise prices in sync
No collusion, no competition, only prices go up
Did they sink any?
Did literally one person die?
People have died in pirate attacks before.
Recently, ships have been hit with missiles.
A lot more people could die if the attacks are not stopped or avoided.
sounds like they need to put some pep in their step stopping the ongoing genocide then
You realize it's just an excuse for them to attack, right?
man i wish there were some way to test that theory
maybe we could do sort of a 'stopping the ongoing genocide' test run, see how they respond
and then keep it going indefinitely because genocide is bad
They flew in with a Palestinian flag on their helicopter. Their own flag say's death to Israel and America; the nations doing the genocide and sponsoring the genocide. And all of this is after they just survived a genocide at the hands of the Saudi's with US bombs and went on to win the war.
Maybe, just maybe, they mean what they say.
Why would they attack international shipping if not to stop genocide?
There is no reason for them to do this aside from being the only people with enough morals to step up against Genocide Joe.
They are being directed to attack ships indiscriminately by Iran. If they wanted to fight genocide for real, a naval blockade without weapons would do the trick. This is just terrorism.
Somehow this makes them Iran's puppets. Oh well, guess we'll have to do "Operation Enduring Freedom part 2: Prosperity Guardian". Can't just tell Bibi to stop.
The ships have already received warnings not to pass through and they decide to ignore them.
Also there are tunnels and a command center beneath the ships so Yemen has the right to defend themselves.
"a naval blockade without weapons", also known as 'asking nicely to pwease stop'
They're firing fucking rockets at them, isn't that bad enough?
To nearly double international shipping costs?
No, it's not.
Lmao.
Insurance costs for sailing through the red sea are a verifiable metric, and it actually costs at least an order of magnitude more than it used to.
Are you saying the insurers are part of an international cabal of deep state global elites who actually provide lower rates to transportation companies than they state, or somehow hand over those profits freely to Wal-Mart so they can double-dip on the price gouging......???
Like bruh you can criticize price gouging without falling head-over-heels into insane crackpot conspiracy theories. Missiles are being fired, ships have to divert south around Africa, shipping gets expensive, simple as.
They did actually hijack 1 ship and have kept it and it's crew hostage, the Galaxy Leader. While there have been misses and successful interceptions, several ships have been damaged.
When you insure ships, you take notice of these kinds of things.
https://en.m.wikipedia.org/wiki/Houthi_involvement_in_the_Israel%E2%80%93Hamas_war
Goddamnit, Doritos are already over $5 a bag! And I’m not sure they come from the Red Sea…
