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these strikes work? britain s defence ministry already says the strikes have already affected their ability to threaten merchant shipping. the real risk is that the conflict in gaza will escalate throughout the red sea region. that could affect the price of oil and the price of good, even further, because of shipping lanes in the region. so far the houthi have attacked 27 sheets to date disrupting commerce on a key route between europe and asia. that accounts for about 15% of the world s shipping traffic. the boss of a shipping giant, maersk, has said why it is so important to global trade. it is so important to global trade. , ., ., trade. it is an important artery of trade. it is an important artery of global- trade. it is an important artery of global trade i trade. it is an important l artery of global trade and having artery of global trade and having to regrout all of the cargo having to regrout all of the cargo now south of the cape of good cargo now south of t

Asia business reportAir strikesRed seaLet s cross to a singapore bureauMarket reactionCrude oilAsian tradeGlobal tradeFreedom of navigationRishi sunakStand up for freedom of navigationPresidentjoe bidenDefence ministryMerchant shippingShipping lanesShipping traffic