Red

Attacks In The Red Sea Are Forcing Ships To Take Longer Routes, Which Is Driving Up Shipping Costs

The Houthis are a militant group with ties to Iran that rule most of northern Yemen, a Middle Eastern nation devastated by conflict and extreme poverty. The group’s official motto, according to AP, is “Death to America, death to Israel; God is the greatest.” Islam triumphs, the Jews are cursed.” The Houthis are attempting to … [Read more…]

Red Sea Raids Are Causing Delays And Disruptions For Ikea

Ikea said that because of the continued attacks on ships in the Red Sea by Houthi militants, it anticipates delays and perhaps limited availability for specific products. “The Suez Canal situation will cause delays and may cause availability constraints for certain IKEA products,” Inter IKEA Group, the parent company of the Swedish furniture giant, said … [Read more…]