The strikes by houthi fighters have forced major Shipping Companies to stop using the red sea, through which almost 15 of global seaborne trade passes. Theyre using a much longer route around Southern Africa instead, raising fears that this will drive up prices. Lets go live now to davos and to our Economics Editor faisal islam. Iv e ive heard from some of the worlds biggest Business Leaders here at the world economic forum, and im surprised byjust how concerned they are about these tensions and the immediate impact. The immediate impact as causing dislocation, delay, pushing up costs, Tech Bosses having to fly in their products from the far east, rather than using shipping routes. If It Wasjust that, it could be manageable. But they are also starting to fear, they didnt expect where we were now three months ago when tensions began