On the 12th local time, the US media reported that the longer the current tension in the Red Sea lasts, the greater the impact on global shipping, shipping costs will become higher and higher.

    According to reports, affected by the situation in the Red Sea, container prices on some Asia-Europe routes have recently soared by nearly 600%.

    Many shipping companies chose to suspend their Red Sea routes. On the 12th local time, Reuters reported that after the US and UK air strikes on Houthi targets in Yemen, four more large oil tankers changed their direction and chose to avoid the original route in the Red Sea. Market analysts pointed out that the US and UK strikes on Houthi targets will not cool down the current situation in the Red Sea, but will greatly increase local tensions, causing shipping companies to avoid the Red Sea route for longer.

    Tamas, market analyst: I don't think the shipping companies will return to the Red Sea route anytime soon. In my opinion, after the US-UK strikes against Houthi targets, the tension in the Red Sea may not only not stop, but also increase.

    In response to the US and UK air strikes against the Houthi armed forces in Yemen, many Middle Eastern countries have expressed grave concern. Market analysts say there is huge uncertainty about the current situation in the Red Sea. However, if Saudi Arabia, the United Arab Emirates and other Middle Eastern oil producers are involved in the future, it will lead to large fluctuations in oil prices, and the impact will be more far-reaching.