Shipping costs, rebellion and the markets

The Red Sea is a crucial artery for around 15% of global maritime trade, says Ashish Utarid, Assistant Vice-President, Investment Strategy at IG Wealth Management. He says the attacks by the Houthi movement on commercial and navigational ships has already detoured 2,000 vessels and led to significant shipping delays. He examines whether this is a bump in the road or if it could have a lasting impact on the markets.