The situation in the Red Sea with the Yemen Houthis blockade is causing ocean freight rates to rise substantially. It is directly impacting not just Israel but the global supply chain in general.

RT:

Global logistics companies have been hit with rising ocean and air freight prices and stranded cargo as a result of vessels being diverted from the Red Sea amid the risk of attacks from Houthi militants in Yemen.

According to a CNBC report this week citing industry experts, the situation threatens global supply chains, which are already struggling after three tumultuous years of inflationary pressures and delays from Covid disruptions.

Logistics companies reportedly say the ocean freight rate for a 40-foot container from Shanghai to the UK has soared from $2,400 last week to the current $10,000. Rates for a 20-foot container stood at $1,900 as of last week. Truck rates in the Middle East are now reportedly more than double.

“During Covid, we had a slower build-up in freight prices due to the impact the pandemic had on the global supply chain,” OL USA CEO Alan Baer told the outlet.

“What we are experiencing here is a light switch event where vessels are being redirected in real time. But, that said, in certain trade lanes you are seeing freight rates going up between 100% to 300%,” Baer added, noting, “This does not appear to be totally driven by changes in supply and demand.”

This is all fine by me. If this helps bring the evil ZOG system to its final end, I am all for it.

The interesting thing about it is that it is revealing how helpless the United States is. They announced a massive operation to deal with the situation but have been unable to get it off the ground. There’s also been major cracks forming in the very small coalition of 10 countries they assembled. The operation already looks like an embarrassing failure.

RELATED ARTICLESMORE FROM AUTHOR