What percent of worldwide trade passes through the Suez Canal that has been recently disrupted by attacks in the Red Sea?
12%
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2.5/5 |
The Suez Canal, which facilitates ship passages between Asia and Europe, handles 12% of global trade. Following recent attacks on ships in the Red Sea by Yemen's Houthi group, which is aligned with Iran, the canal has experienced disruptions. Trade has been stifled as a result, and a naval task force for safe passage has been established. Conflicts affect the flow of goods around the world, leading to shortages and backlogs in the supply chain. The Houthis and the coalition led by Saudi Arabia are engaged in a protracted war in Yemen that includes these attacks. The strategic significance of the disruptions stems from the Suez Canal's location.