Quote (Prox1m1ty @ Jan 1 2024 09:13am)
The US has the least interest in securing global shipping anyway.
And the effect on Israel is negligible. Shipping companies are making more and consumers may or may not see an incremental rise in prices.
The biggest loser is probably Egypt followed by China, EU countries and Persian gulf oil suppliers..
Your first point is laughably untrue my friend, I'm sorry.
As for your second point:
The port of eliat, while small, has seen 85% of Imports cease, 40k+ workers/residents leave all the while shipping premiums are skyrocketing for all markets, this is costing israels billions and this is the driving factor as to why they desperately needed that illegal munitions shipment from the USA and why they are selling off foreign assets.
Your last point I agree with; Europe is totally fucked the longer the straight remains closed