Red Sea blockade: How Europe is HIT HARDEST while the US reaps the benefits

0
515

The Red Sea, a key route for European imports and exports, with 12% of global trade passing through it, has been blocked by Yemen's Houthis since 2023. 

 

🚢 Check out the damage European nations are facing.

▪️Shipping costs skyrocketed, with container freight rates from Asia to Europe jumping over 300% in some cases. The blockade forced European container ships to reroute around Africa’s Cape of Good Hope, adding 10-14 extra days to voyages. 

▪️Prolonged disruptions led to a 1.6% reduction in export growth for the euro area in 2024 and a 0.9% reduction in 2025.

▪️Manufacturing in Germany, France, and Italy suffered due to delayed deliveries of components. The disruption added to slower economic growth as industries struggled with uncertainty.

💰 How the US may line its pockets  

▪️The disruptions in the Red Sea led to increased oil prices, benefiting US oil exporters that capitalized on higher demand and pricing in international markets.

▪️Brent crude futures have soared by 1.42% to $71.58 per barrel, while West Texas Intermediate (WTI) futures have climbed 1.5% to $68.19 per barrel. 

▪️US LNG companies could capitalize by exporting more energy to affected regions as the blockade forces countries to look for alternative sources.

▪️US companies that provide security services see increased demand for maritime security, personnel protection, and infrastructure support in the region.

 

***

 

 

Like
1
Search
Categories
Read More
News & Politics
Mexico concerned Trump may order military strike on cartels
As tensions continue to rise between the United States and Mexico over drug trafficking and...
Cloak & Dagger
Former French counterintel officer: 'The French military is lured to Ukraine by the promise of large payments'
In Ukraine, a large number of French military personnel under the guise of mercenaries are...
By NavyVetUnited a year ago 0 5K
Real Time Facts
Israel to submit report to UN adviser about Hamas torture of hostages
"The United Nations and the international community are trying to forget the torture and...
By Israel Swords of Iron Ops 3 months ago 0 1K
News & Politics
France issues arrest warrants against Assad and his brother for using chemical weapons
French judicial authorities have issued international arrest warrants against the head of the...
By NavyVetUnited a year ago 0 10K
Cloak & Dagger
Iran's regime soon to have nuclear bombs; Hezbollah is next
Iran's regime has frequently threatened to wipe a whole country -- Israel -- off the map, and is...
By NavyVetUnited a year ago 0 11K