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

added blog News & Politics

2025-03-19 10:32:57 - Translate

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

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...

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