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Restrictions on shipping through the Red Sea and Panama Canal are raising freight costs and insurance premiums worldwide. Houthi attacks, including a June sinking of a coal ship, have forced vessels to avoid Suez and sail around Africa.
Naval missions by the US, UK and EU are operating in the region.
Persistent Red Sea risk keeps ocean freight and war-risk insurance elevated, raising delivered costs for imported feed ingredients and pressuring margins for global grain and oilseed trade.
dw.comDirk KaufmannJul 8, 2024Not enough comparable past events yet for a historical read.
After 63 past neutral geopolitics events, Crude Oil (Brent) moved a median -0.5% over 5 sessions (44% higher; middle half -4.4% to +2.6%), and -2.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
