How two choke points could turn into a perfect storm for global trade

News Snapshot:

Shipping giant Maersk on Sunday suspended passage of its vessels though the Red Sea route for 48 hours after fresh attacks by Yemen-based Houthi rebels. This comes barely a week after the company announced plans to resume operation citing the deployment of a US-led military operation to guard the crucial sea route. Earlier, the rebels had attacked one ship on its way to India roughly 370 km off the coast of Gujarat. The Houthi rebels are protesting Israel’s military offensive in Gaza by choking a crucial shipping route. While the US-led maritime security coalition had swiftly announced countermeasures, indicating the...