From Suez to the Bosphorus the winds of war are hitting the economy of the seas

Three wars, two armies and one in permanent danger of breaking out, plus a long series of smaller but no less insidious disputes, keep the planet’s maritime trade in check. The conflict in Ukraine blocks the Black Sea route between Europe and Central Asia. Attacks by Yemen’s Houthi guerrillas, armed by Iran, are choking the entrance to the Red Sea and sending the Suez Canal into crisis.