News

Yemen’s Houthi rebels fire missiles at British ship in Gulf of Aden


  • The strikes were fired at ‘LYCAVITOS’, the group’s military spokesman Yahya Sarea said in a televised speech

Yemen’s Iran-aligned Houthis fired naval missiles at the British ship ‘LYCAVITOS’ in the Gulf of Aden, the group’s military spokesman Yahya Sarea said in a televised speech today.

Spiralling shipping costs triggered by the Houthi rebel attacks on vessels in the Red Sea could mean that Britons could face severe price rises and shortages on major household items like white goods, sofas, garden furniture and barbecues this summer.

The price of global shipping containers jumped by more than 300 per cent from November 2023 to January as a result of the chaos which has forced many companies to reroute to lengthier and far more costly shipping lanes. 

CEO of Buy It Direct Group Nick Glynne told BBC Radio 4: ‘The vast majority of our products come in from the Far East and we’re massively impacted by freight prices.’ 

He explained that large household items now not only cost more, but are becoming prohibitively expensive to ship simply because they require bigger containers.

Yemen's Iran-aligned Houthis fired naval missiles at the British ship 'LYCAVITOS' in the Gulf of Aden, the group's military spokesman Yahya Sarea said in a televised speech today

Yemen’s Iran-aligned Houthis fired naval missiles at the British ship ‘LYCAVITOS’ in the Gulf of Aden, the group’s military spokesman Yahya Sarea said in a televised speech today

The British ship 'LYCAVITOS'

The British ship ‘LYCAVITOS’

‘This has a significant impact on the end user pricing,’ Glynne said, warning there is likely to be a considerable scarcity of such items. 

It comes after supermarket giant Sainsbury’s warned consumers they could struggle to find tea on supermarket shelves due to ‘nationwide supply issues’ linked to disruption of shipments through the Red Sea. 

Marco Forgione, Director General of the Institute of Export and International Trade, told MailOnline that CPI inflation could rise by up to four per cent if the conflict continues or escalates. 

This could add 10p to the price of a block of butter, 12p to a jar of Marmite and 9p to a six-pack of eggs. A pack of 240 Pg Tips tea bags could rise by 19p to £4.98 and a four-pack of Heinz baked beans by 15p to £3.90.  



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button