Shipping faces new pressure as Red Sea tensions rise

The Red Sea has returned to the centre of global shipping concerns, as renewed Houthi threats and the escalation between Israel and Iran raise fresh fears over supply chains, energy flows, inflation and global trade.

What was already one of the world’s most volatile maritime routes is now being viewed with renewed concern, not only because of the threat to individual vessels, but because of the wider pressure it could place on transport costs, freight rates and consumer prices....