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Red Sea worries cause spike in refined fuel prices, but market will adjust. Clyde Russell. Asia Commodities and Energy Columnist. January 30, 2024 1:00 PM UTC Updated January 30, 2024 ...
Attacks by Iran-linked rebels in the Red Sea have sent shipping costs soaring. An index that tracks container rates spiked 61% last week, with big companies rerouting their vessels.
According to the NRF CEO, "disruption and uncertainty" loom over the retail industry as it readies for potential shipping delays and price spikes due to the Red Sea Houthi attacks.
The strong red tide this year isn’t only threatening fish, it’s taking a toll on the sea turtle population. Program manager for Mote Marine Laboratory and Aquarium’s Standing Investigation ...