Costfoto/NurPhoto via Getty The U.N. warned global consumers Friday to get ready to begin paying more for just about everything â if you havenât already started. That grim forecast was pinned on global trade being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal, with
U.N. Warns Global Trade Being Strangled by Red Sea Attacks, War in Ukraine, and Low Panama Canal Water Levels
March 28, 2024 by
Suez Canal Blockage Enters Day Two, May Last Weeks
March 26, 2021 by
The closure of the Suez Canal, one of the worldâs busiest maritime shipping lanes, continues into its second day after a cargo ship ran aground and completely blocked passage between the Red and Mediterranean Seas. The Suez Canal Authority announced Thursday it was âtemporarily suspending navigationâ through the canal as maritime traffic backed up on…