Red Sea Attacks and Disrupted Global Shipping: Hidden Cost of War

As global powers confront threats in the Red Sea, commercial vessels have become targets. The economic implications for global shipping and supply chains are massive.

Shipping Delays and Cost Surge
Due to drone and missile attacks near the Bab el-Mandeb Strait, major shipping companies are rerouting. Costs have increased by 200% in some lanes due to longer journeys.

Insurance and Maritime Security Costs
Ships now require additional security and higher insurance premiums, which indirectly affect the prices of electronics, clothing, and basic goods globally.

Impact on Suez Canal Revenues
Egypt’s income from the Suez Canal has declined sharply, creating fiscal pressure and inflation internally.

Conclusion
The warzone may be thousands of miles away, but your online order is still delayed because of it.