| − | The goal is to free the movement of international shipping in the Red Sea, as the closure of the Red Sea and [[Suez Canal]] will have a long term global, [[inflation]]ary effect due to disruption of supply chains. Sources say a ship can make only 3 or 4 [[Asia]] to [[Europe]] roundtrips a year by detouring around the [[Cape of Good Hope]] rather than 4 or 5 through the Suez Canal, "a massive structural drop in supply capacity."<ref>[https://www.zerohedge.com/markets/oil-and-water-america-only-has-178-flagged-cargo-carriers-vs-chinas-7362 "Oil And Water": America Only Has 178 Flagged Cargo Carriers Vs. China's 7,362], By Michael Every of Rabobank, Dec 12, 2023. zerohedge.com</ref> | + | The goal is to free the movement of international shipping in the Red Sea, as the closure of the Red Sea and [[Suez Canal]] will have a long term global, [[inflation]]ary effect due to disruption of supply chains. Sources say a ship can make only 3 or 4 [[Asia]] to [[Europe]] roundtrips a year by detouring around the [[Cape of Good Hope]] rather than 4 or 5 roundtrips through the Suez Canal, "a massive structural drop in supply capacity."<ref>[https://www.zerohedge.com/markets/oil-and-water-america-only-has-178-flagged-cargo-carriers-vs-chinas-7362 "Oil And Water": America Only Has 178 Flagged Cargo Carriers Vs. China's 7,362], By Michael Every of Rabobank, Dec 12, 2023. zerohedge.com</ref> |