# Contact Us - Sherbrooke Record - Fears of prolonged Red Sea crisis fuel inflation fears, as oil, retail shipping delays begin to rise

> Analysts warn that Houthi attacks in the Red Sea and the diversion of oil tankers and shipping will cause a freight supply crunch and higher prices. The effects are expected to reach oil and retail goods such as building materials.

- Date: 2018-05-25 · published 2018-05-25T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64932-contact-us-sherbrooke-record-fears-of-prolonged-red-sea-crisis-fuel-inflation
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher crude oil and freight costs raise input and transport costs for feed production and can feed through to inflation in feed commodity prices.

## Read by commodity

- WTI: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-12-19 | [Oil rises 1% as Red Sea shipping concerns unnerve traders](https://feedsoft.ai/events/32884-oil-rises-1-as-red-sea-shipping-concerns-unnerve-traders.md) | +4.8% | +2.7% |
| WTI | 2026-03-03 | [Global oil and gas prices soar as Iran crisis disrupts shipping, production \| Reuters](https://feedsoft.ai/events/8777-global-oil-and-gas-prices-soar-as-iran-crisis-disrupts-shipping-production.md) | +33.1% | +46.3% |
| WTI | 2026-01-26 | [Oil rises further as IEA predicts surplus in Q1 - The Nation Newspaper](https://feedsoft.ai/events/21233-oil-rises-further-as-iea-predicts-surplus-in-q1-the-nation-newspaper.md) | +6.4% | +9.1% |
| WTI | 2026-03-04 | [US diesel hits $4 per gallon as fuel costs rise amid escalating Middle East conflict \| Reuters](https://feedsoft.ai/events/5530-us-diesel-hits-4-per-gallon-as-fuel-costs-rise-amid-escalating-middle-east.md) | +12.2% | +37.4% |
| WTI | 2022-02-23 | [Shipping braces for impact as Russia-Ukraine crisis intensifies](https://feedsoft.ai/events/42613-shipping-braces-for-impact-as-russia-ukraine-crisis-intensifies.md) | +12.4% | +20.7% |

## Sources

- business.sherbrookerecord.com: https://business.sherbrookerecord.com/sherbrookerecord/news/read/43856249/fears_of_prolonged_red_sea_crisis_fuel_inflation_fears

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.