Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%

boem@lemmy.world to World News@lemmy.world – 311 points –
Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170%
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And corporations will certainly not use this convenient excuse to jack up their prices immediately, then keep them there after the crisis passes, right? Right?

They're real good at raising prices. Not good at lowering them. Also good at claiming record profits every year while cutting workforces.

While blaming everything else for why they are cutting the workforce to increase profits even higher

The actual cost hit due to the Houthis was 1.7%