Over 100 Container Ships Reroute as US Weighs Red Sea Response
- Oil prices are rising as ships avoid the key transit route
- US is talking to allies about how to prevent Houthi attacks
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More than a hundred container ships are taking the long route around Africa to avoid violence in the Red Sea, creating extra costs and delays, as the US weighs up how to respond to the latest threat to the global economy.
According to logistics giant Kuehne+Nagel, 103 container vessels are rerouting from the Red Sea around Africa. Companies are also starting to look at using rail and air routes instead as the waterway that carries 12% of global trade is deemed too perilous to pass.