Changes

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 about 40% or more to the cost,<ref>[https://www.zerohedge.com/geopolitical/pentagons-operation-prosperity-guardian-falls-apart-spain-italy-france-reject-request Pentagon's Operation Prosperity Guardian "Falls Apart" As Spain, Italy, France Reject Request], Tyler Durden, DEC 23, 2023. zerohedge.com</ref> and reducing annual carrier capacity. Each tanker will have to add 6 six days travel time.

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 about 40% or more to the cost,<ref>[https://www.zerohedge.com/geopolitical/pentagons-operation-prosperity-guardian-falls-apart-spain-italy-france-reject-request Pentagon's Operation Prosperity Guardian "Falls Apart" As Spain, Italy, France Reject Request], Tyler Durden, DEC 23, 2023. zerohedge.com</ref> and reducing annual carrier capacity. Each tanker will have to add 6 six days travel time.

Meantime{{Cquote|Israeli shipping companies have found a creative way to circumvent the maritime blockade imposed by the Houthis on Israel: they direct the ships from the east to the ports of Bahrain and Dubai, and from there the goods are transported by trucks through Saudi Arabia and Jordan.  The creative bypass will make it possible to bring goods to Israel before Passover<ref>Yediot Ahronot @YediotAhronot:

Meantime:

 

{{Cquote|Israeli shipping companies have found a creative way to circumvent the maritime blockade imposed by the Houthis on Israel: they direct the ships from the east to the ports of Bahrain and Dubai, and from there the goods are transported by trucks through Saudi Arabia and Jordan.  The creative bypass will make it possible to bring goods to Israel before Passover<ref>Yediot Ahronot @YediotAhronot:

<i> Israeli shipping companies have found a creative way to circumvent the maritime blockade imposed by the Houthis on Israel: they direct the ships from the east to the ports of Bahrain and Dubai, and from there the goods are transported by trucks through Saudi Arabia and Jordan.  The creative bypass will make it possible to bring goods to Israel before Passover. Revealed</i>[https://bit.ly/47HQVSu] @itamareichner

<i> Israeli shipping companies have found a creative way to circumvent the maritime blockade imposed by the Houthis on Israel: they direct the ships from the east to the ports of Bahrain and Dubai, and from there the goods are transported by trucks through Saudi Arabia and Jordan.  The creative bypass will make it possible to bring goods to Israel before Passover. Revealed</i>[https://bit.ly/47HQVSu] @itamareichner

[https://twitter.com/YediotAhronot/status/1749008944146862517]</ref>}}

[https://twitter.com/YediotAhronot/status/1749008944146862517]</ref>}}