Half of British businesses say they have been affected by the conflict in the Middle East, according to a survey from the British Chambers of Commerce. The economic repercussions of the fighting in Gaza and Lebanon are being felt around the world, with increased costs and shipping disruption. Houthi militants in Yemen targeting ships linked to Israel and its allies have caused a reduction in traffic through one of the world's busiest maritime trade routes. Shipping container rates have risen sharply since the conflict began, leading to increased costs and uncertainty over oil prices.
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Original article source: https://www.arabnews.com/node/2579459/business-economy
Source Id: 2024-11-547166715