half times per capita each year, so of this roughly ten to 15% chance it through the red sea, the differences between segments of 20 plus percent of container trade and 50% of tanker trade so what this essentially means the food on a, tables close on our back, and the list goes on. and rerouting isn t just about inconvenient delays, inflation can be impacted, global trade volume, so one. what real world impacts come from the rerouting of goods? there is essentially two things that happen. the first is, time in the second has cost. so the former, unofficially leads to short term instructions by 10 to 15 days, and time spent in transit and potentially in the media shortage of goods, until they trade routes are reestablished. secondly that ties up transport for longer, which leads to ted
also says it is keeping a very close eye on what is happening in the red sea. the knock on effect of four example these attacks on oil tankers and, of course, the rerouting of shipping will have to see exactly what happened. price is not shot up dramatically since the us started attack these spacesin the us started attack these spaces in yemen, although obviously we will be keeping a close eye on that. as well, everybody involved in looking at inflation and monitoring it and assessing what this will mean for the path of interest rates going forward.- mean for the path of interest rates going forward. thank you very much rates going forward. thank you very much indeed. rates going forward. thank you very much indeed. if rates going forward. thank you very much indeed. if you - rates going forward. thank you | very much indeed. if you would like to read more about that point that i just like to read more about that point that ijust raised and what the treasury have been doing, do he
they ve declared their support for hamas in gaza and, since november, they ve been attacking ships in the red sea. britain, the us and the un have all demanded a stop to the attacks. the hooter sounds tanks are having a global effect. around 15%. passes through the bab el mandeb strait. now major shipping companies are having to avoid the red sea altogether. as this computer tracking shows they are rerouting around the far side of africa, adding days to the journey and driving up costs in europe and elsewhere. us led task force including the royal navy s hms david dominic diamond has been in action. they shot down drones and missiles on tuesday. but the houthis helped iran have plenty more missiles and have vowed to use them. frank gardner colak bbc news. with me now is said shahata from bbc arabic. said, what have we heard from the houthis in response to these strikes?
sanaa straight but now major shipping companies like bp and burst are having to avoid the red sea altogether. they are rerouting around the far side of africa, adding days to the journey and driving up costs in europe and elsewhere. the ministry of defence said the bombings followed houthi attacks on the hms diamond and us navy vessels on tuesday. in a statement, prime minister richey new de maxxine said the uk stands up for freedom and the free flow of trade, adding that the strikes were limited and necessary. while the us presidentjoe biden said the strikes were in direct response to unprecedented houthi attacks against international vessels in the red sea. de houthis help by iran have plenty more missiles and have vowed to use them, which is why the us and uk say they must now bear the consequences. live now to our reporter
responsibility for the consequences should they continue to threaten lives, the global economy, or the free flow of commerce in the region s critical waterways. this is a statement that was released earlier this month by this coalition of countries and a senior administration official told reporters afterward that that was really the last warning that the houthis were going to get here. this is interrupting global commerce and trade in a very meaningful way. maersk, the major shipping company announced last week it was going to be suspending operations in the red sea. roughly 18 companies have said they re going to be rerouting around africa to go back up and to avoid the red sea area. it s having a very significant impact in a way that u.s. really cannot continue to ignore, according to current and former officials. we ll have to see if this prompts a reaction from the u.s., perhaps strikes on the houthis inside yemen as we have reported is a possibility that is being looked at, but,