Ship attacks in the Red Sea created shock to global trade.

Houthi rebels want Israel to stop bombing Gaza.

This forces the ships around Africa and not through the Suez Canal. It causes delays and drives costs up.

The global economy already suffers from higher prices of groceries and higher interest rates.

Car factories stop operation for some days because parts from Asia do not arrive on time.

Experts say that a 40-feet container from Asia to northern Europe costs now 5.500 USD. Previously the price was 1.500 USD.

[Source: www.cnbc.com]