3 ms·
TL;DR: A prolonged closure of the Suez route... * would pause a major source of income for Egypt, which is already in the midst of a financial crisis; * would
by cs702 3y ago
TL;DR: A prolonged closure of the Suez route...
* would pause a major source of income for Egypt, which is already in the midst of a financial crisis;
* would raise the costs of trade as shipping is rerouted around Africa, taking more time, and insurance premiums soar, possibly triggering another global supply-chain crunch and another global inflation wave; and
* could escalate into regional security crisis and military conflict.