Editorial: If the ceasefire holds, Donald Trump’s ill-starred foray into the Middle East will have left the Iranian regime stronger than it was before the conflict
suez being blocked would likely have the same effect, drastically increasing cost of shipping, fuel, oil. because now you are spending more fuel, maintenance just to go around africa alone, not to mention the goods being transported.
And it’s not just the cost of shipping itself that goes up. The ships that have to take a longer route are now unavailable to carry other goods, which means there is a sudden drop in shipping capacity.
suez being blocked would likely have the same effect, drastically increasing cost of shipping, fuel, oil. because now you are spending more fuel, maintenance just to go around africa alone, not to mention the goods being transported.
And it’s not just the cost of shipping itself that goes up. The ships that have to take a longer route are now unavailable to carry other goods, which means there is a sudden drop in shipping capacity.
Now, if we could block the Suez AND mine the strait of Gibraltar, now that’s a spicy global economic stew!