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Red Sea Crisis To Drive Up Food, Fuel Prices - Blinken
(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 5. The current crisis
in the Red Sea will also lead to higher food and fuel prices on
world markets, US Secretary of State Antony Blinken said during a
meeting with the Prime Minister and Foreign Minister of Qatar
Mohammed bin Abdul Rahman Al Thani in Washington, Trend
reports.
"Of course, this had a big impact on global shipping. This will lead to higher food and energy prices for many people," Blinken added.
Following the escalation of the conflict in the Gaza Strip, the Yemeni rebel movement Ansar Allah (Houthis) has warned that it will carry out attacks on Israeli territory and will not allow ships associated with it to pass through the waters of the Red Sea and the Bab al-Mandab Strait.
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