The Red Sea crisis could trigger an inflation spike as shipping costs soar

Tech Insider : Economy, Economy
A Maersk cargo ship
Maersk is among the shipping companies that's stopped sending vessels through the Suez Canal.

picture alliance / Getty Images

US Navy admiral says ships in the Middle East are now facing a new challenge: Houthi drone boats packed with explosives

Tech Insider
A Cargo Ship surrounded by Houthi boats in the Red Sea
The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023.

Houthi Military Media/Handout

Attacks on shipping in the Red Sea need a stronger response than just a few warships shooting things down, retired US Navy SEAL officer warns

Tech Insider
The Arleigh Burke-class guided-missile destroyer USS Carney (DDG 64) defeats a combination of Houthi missiles and unmanned aerial vehicles in the Red Sea, Oct. 19.
The Arleigh Burke-class guided-missile destroyer USS Carney (DDG 64) defeats a combination of Houthi missiles and unmanned aerial vehicles in the Red Sea, Oct. 19, 2023.

US Navy photo by Mass Communication Specialist 2nd Class Aaron Lau

Claims that Houthis fired missiles at US Navy ships aren't true, Pentagon says

Tech Insider
Navy destroyer USS Carney the Suez Canal
US Navy guided-missile destroyer USS Carney in the Suez Canal on October 18, 2023.

US Navy/MCS2 Aaron Lau

Iran has sent a warship into tense waters where the US Navy has been shooting down Houthi threats and destroying their boats

Tech Insider
A Maersk cargo ship
Maersk is shutting down travel through the Red Sea again after a Houthi rebel attack.

picture alliance / Getty Images

US Navy helicopters kill Iran-backed Houthi fighters attempting to board a cargo ship in Red Sea

Tech Insider
A large ship with a helicopter hovering above it.
Helicopters from USS Dwight D Eisenhower fired upon Iran-backed Houthi gunmen attempting to hijack a cargo ship.

Smith Collection/Gado/Getty Images

US protection may not be enough to convince shipping giants they're safe from Iran-backed Houthi rebels in the Red Sea

Tech Insider
A Maersk cargo ship
Maersk is shutting down travel through the Red Sea again after a Houthi rebel attack.

picture alliance / Getty Images

A US Navy destroyer and F-18 fighter jets shot down 17 drones and missiles that Iran-backed rebels fired in the Red Sea over 10 hours

Tech Insider
The US destroyer USS Laboon (left) and F-18 Super Hornets (right) shot down over a dozen drones and missiles fired by Iran-backed rebels near the Red Sea.
The US destroyer USS Laboon (left) and F-18 Super Hornets (right) shot down over a dozen drones and missiles fired by Iran-backed rebels near the Red Sea.

Stocktrek Images/Getty Images; ALBERTO PIZZOLI/AFP via Getty Images

Shipping giant Maersk is preparing to return to the Red Sea after Houthi attacks, but risk remains

Tech Insider
Maersk containers stacked on a ship.
Maersk containers stacked on a ship.

Photo by Bodo Marks/picture alliance via Getty Images

Major shipping firms are imposing surcharges to reroute ships from the Red Sea attacks — just as inflation is starting to stabilize

Tech Insider : Politics
An aerial view of a Maersk shipping container cargo ship in San Francisco Bay on May 30, 2023 in San Francisco, California.
An aerial view of a Maersk shipping container cargo ship in San Francisco Bay on May 30, 2023 in San Francisco, California.

Brandon Sloter/Getty Images

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