according to blake evans—prichard from re—in asia, an insurance insights platform.o him a little earlier. i have been speaking to a number of insurance brokers about the situation thre for people that sort of quote the insurance prices. and the prices are rising quite significantly. but there was a big variety of how much people can expect to put their ships through the red sea. it used to be sort of 0.1% or 0.2% of premium charged on the value of the ship. it now has gone up to 0.5% or 0.7% which could be significantly higher. that can add hundreds of thousands of us dollars to what people have to pay to sort of ship the goods through that channel. do you think this could have the knock on effect of increasing inflation? yeah, definitely. i don't see how this can't put inflation pressures on consumer goods and other things. notjust the sort of consumer goods that are being shipped through this neck of water but also oil and raw materials, and things like that, that is definitely going to have inflation pressure. it has been 45 years since china and the us establish