Changes

==Economic goals==

==Economic goals==

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>

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> Additionally, [[EU]] sanctions on [[Urals oil|Russian oil]] have made the European Union more dependent on Persian Gulf oil, which also is affected by tankers having to take the long route around the Cape of Good Hope, adding time and cost to delivery, and reducing annual carrier capacity.

==References==

==References==