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Red Sea disruptions ring India alarm bells

IndiaTimes Friday, 12 January 2024
The targeted strikes by the US and the UK on Houthi militia have increased the worry for policymakers as the disruption around Red Sea has now begun to impact supply chains apart from making shipping schedules erratic. While the commerce department is working on an inter-ministerial consultation next week to address some of the concerns and ensure that supplies are not affected, exporters said fears of an intensification of the tension in the area will increase costs.
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Video Credit: Oneindia - Published
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World Economic Forum (WEF) President Borge Brende expressed concern over the recurrent attacks on merchant ships by Yemen's Houthi rebels in the Red Sea. These attacks, he warns, could lead to a significant increase in oil prices, affecting major oil-importing countries such as India. #WEF...

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Houthi movement Houthi movement Islamist political and military organization in Yemen

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