The attacks in Yemen could have an impact on prices, warned the European Trade Commissioner. The European Union is creating a mission to stop the attacks by the Houthi rebels.
The Red Sea is crucial for international trade.
He maritime traffic in it Red Sea fell 22% in a month due to attacks by Yemen’s Houthi rebels, which could impact prices, European Trade Commissioner Valdis Dombrovskis said today.
“Marine traffic fell 22% in one month,” Dombrovskis declared at a press conference after an informal meeting of European ministers responsible for international trade.
The fall could be greater in the Red Sea
This drop will probably be greater later due to the decision of many shipowners to avoid that maritime route, he added.
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He Red Seathrough which you access the Suez Canal, is crucial for international trade. “Between 12% and 15% of world traffic passes through this maritime route, as do between 30% and 35% of container ships,” stressed the European Commissioner.
Some 20,000 ships They pass through the Suez Canal every year, gateway to and exit from the Mediterranean for ships traveling between Asia and Europe.
Attacks by Houthi rebels
According to the commissioner, the attacks by the Houthi rebels have not yet had an impact on the price of goodsdespite the fact that the price of transportation increased.
“The economic impact on consumer prices will depend on how long this crisis lasts”he pointed out.
In recent weeks, the Houthi rebels, allies of Iran – a regional power and rival of Israel – have intensified their attacks near the Bab al Mandeb Strait, which separates the Arabian Peninsula from Africa, in “solidarity” with the Palestinians in Gaza. These attacks led the United States to create a multinational maritime protection force in the Red Sea, named Prosperity Guardian.
The European Union is creating a mission to combat the Houthi rebels
The Europeans study the creation of a mission to protect ships merchants in this area.
The ministers of EU Foreign Relations They discussed the issue at a meeting in Brussels on Monday and a decision could be announced before their next meeting on February 19.
Source: Ambito
