Oil prices surge: Red sea crisis hits global businesses
Edited By WION Video Desk
Published: Jan 13, 2024, 05:45 IST | Updated: Jan 13, 2024, 05:45 IST
The Red Sea crisis has unleashed a cascade of disruptions in global shipping. Container rates have skyrocketed for routes from India to the US and doubled or even tripled for certain European regions. Now, oil prices have surged as the US and its allies launched airstrikes against Houthi rebels in Yemen.
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