Bharat Express

Attacks On Merchant Ships By Yemen’s Rebels Negatively Impact Global Supply Chain

World Economic Forum (WEF) president Borge Brende said that the ongoing tensions in the Red Sea due to recurrent attacks on merchant ships by Yemen’s Houthi rebels have a negative impact on the global supply chain and would lead to a $10-20 increase in oil prices for oil-importing countries like India, which could have negative effects on its economy.