in front of egypt was the sinai desert, which required crossing the suez canal. before the six-day war, this channel was one of the busiest waterways for traffic between asia and europe, and now it has been for several years because of sporadic conflicts. it was closed between egypt and israel. but what made crossing the suez canal almost impossible was not just crossing the water itself, which barlow's defenses it was on the eastern side. the lines of israel after the 6-day war. the fortifications, which were made using concrete, steel, stone, to a height of 20 meters and a slope of 45 to 65 degrees, had become an impenetrable barrier. in addition to the sinai desert, the golan heights, which belonged to syria, was also occupied by the israeli army. heights the golan is one of the most fertile lands in this region for agriculture and also a source of water supply through the jordan river. this area was occupied by israel after the six-day war and was like a treasure in the hands of this regime. because in addition to having natural resources, it is a good securi

even today, a significant part of egypt's income comes from shipping fees in the suez canal. the idea of ​​building a canal is very old and related to ancient times, but the construction of what exists today began in 1859 and was completed in 10 years under the management of france and the design of a person named ferdinand delis. some sources put the number of workers involved in the construction of the canal at one and a half. million people it has been estimated that more than 30,000 workers have always been working throughout it. many of these workers were transported from different parts of the world to work in egypt. but a significant part of them were egyptian farmers who had been working in the canal project with the lowest wages and sometimes by force. thousands of these workers died from hard working conditions and diseases such as cholera during the construction years of the canal. finally , the opening ceremony of the canal was held on november 15, 1869, with the presence of the king of egypt and many members of the royal family of europe such as france, austria an

their idea was to cross the suez canal and infiltrate into egypt. a plan that, if implemented , would change all the equations of the battle scene on the side of ariel sharan , he was the commander of the 143rd armored division in the sinai desert for 3 and a half years before the war, one of the divisions that faced the egyptian forces. go to the canal and surround the egyptian forces from behind. this plan was prepared 3 months before the start of the war. now, on october 15 , arilon's forces tried hard to cross the channel. this plan was not completed in the first stage due to the resistance of the egyptian soldiers. the next morning, but a small unit consisting of 15 vessels that can they were able to carry the tank in silence move 20 full tanks to the other side of the canal exactly where there were no egyptian forces in front of them. now sharon's forces were behind the egyptian soldiers. but on this day , unaware of the penetration of sharon's forces into egyptian territory, anwar sadat organized a victory celebration in cairo . and he went t

saad shazli believed that a tank brigade of the egyptian forces should return to the west of the suez canal and fill this void on this side of the canal and also prevent the movement of the arilon special forces. an issue that again and in complete disbelief was met with sadat's opposition. there is a final error, which is the lack of desire to use al-munawarah with the al-munawarah forces, the al-munawarah with the forces, from the principles of the correct war, and it does not apply at all in relation to the general leadership of the armed forces , because al-sadat was the one who should intervene in the administration of the war, and the character of ahmad ismail is weak as an imam. shazli barnazer insisted on stopping, and threatened to kill him if he repeated this issue. it was assumed that al-dur al-aliyyah , ashaan, taqal al-khat ashaan, yaqool li atfazl naam al-qarar, tashab ai bandaqiyyah, and this is how the second strategic mistake of the egyptian army happened again with anwarsadat's insistence. arilon forces on the west bank of the suez canal have destroyed a large number of sa

arilon forces destroyed a large number of samdo missile systems on the west bank of the suez canal.herefore , unlike a few days ago, israeli fighters hunted egyptian tanks over the sinai desert and the suez canal without worrying about the parachutes of these systems . these parties seriously harmed the morale of the egyptian forces entered. now the egyptian forces in both sides of the channel were suffering heavy defeats. with sadat's stubborn decisions, every day and every hour of the year , the situation on the battlefield changed in israel's favor . on october 21, sadat held a meeting with the soviet ambassador and told him: egypt is ready to accept the ceasefire. but it was already too late and israel, which had achieved great victories on two fronts, was no longer willing to accept a ceasefire, that too on the terms of egypt and syria, that is, leaving the sinai desert. and it was not the golan heights. at this time, egypt and syria were allies of the soviet union and israel was an ally of america. therefore, at the same time as the battle in the sinai desert and the golan hei

all the roads leading to the suez canal were in chaos. egyptian soldiers who were allowed to return home told the people the truth about the great defeat in the sinai peninsula . they showed that the official reports of the egyptian government about the victory were nothing but lies. on the morning of the third day, the israelis finally drove the jordanian army out of jerusalem. with the infiltration of israeli soldiers into the walls of the old part of jerusalem, general mord hayhoud announced on the radio that after that , the israeli army began to occupy the entire west bank. did throughout the night, the jordanian soldiers evacuated the west bank cities without the slightest resistance and left them at the disposal of the israeli soldiers. king hussein of jordan, the west bank , lost all of jerusalem and al-aqsa mosque, one of the most prominent centers of islam, until asr strength and continued sustained air attack on every single unit on every single formation of our armed forces, day and night. on the fourth day of the war, the sol

all the roads leading to the suez canal were in chaos. the egyptian soldiers who were allowed to return home told the people the truth about the great defeat in the sinai peninsula. they showed that the official reports of the egyptian government about the victory are nothing more than lies. on the morning of the third day, the israelis finally defeated the jordanian army expelled from jerusalem. with the penetration of israeli soldiers into the walls of the old part of jerusalem, general mord haihud announced on the radio: "the dome and the rock are in our hands." after that, the israeli army began to occupy the entire west bank. throughout the night, the jordanian soldiers evacuated the west bank cities without the slightest resistance and left them at the disposal of the israeli soldiers. king hussein of jordan lost the west bank, all of jerusalem and al-aqsa mosque, one of the most valuable centers of islam. until the evening of the third day of the war , israel and jordan accepted the un ceasefire they did the battle was waged agains

this is as close as we get to the suez canal.rkaround is more convenient, and they can be used but there is no place on the east coast that can take this kind of cargo, and some of it could end “p of cargo, and some of it could end up going to los angeles and being taken across the country so this is a major deal. it really is a very big issue. it a major deal. it really is a very big issue-— a major deal. it really is a very bi issue. . , ., ., big issue. it adds time and cost of those deliveries, _ big issue. it adds time and cost of those deliveries, of _ big issue. it adds time and cost of those deliveries, of course. - big issue. it adds time and cost of those deliveries, of course. what| those deliveries, of course. what kind of cargo does it handle? 850,000 cars went through the port in 2023, the most of any us port. also sugar and coffee and it exports coal, so this is an important part of us infrastructure? absolutely. a critical part — of us infrastructure? absolutely. a critical part and _ of us infrastructure? absolut

not in the same league as a suez canal...ry to interrupt the broadcast, right now the special repartee on human rights in the palestinian territories is about to hold a press conference —— special rapporteur. she says they are reasonable grounds to say the threshold indicating the commission of the crime of genocide against the palestinians as a group in gaza has been met. she has called on countries to immediately impose sanctions. let's hear what that rapporteur is saying now. the monstrosity _ rapporteur is saying now. tue: monstrosity unfolding rapporteur is saying now. tte: monstrosity unfolding is accompanied by an anti—palestinian narrative and dehumanisation emanating from the uppermost of israeli society, including high—ranking officials with authority, frequently reflected in soldiers' actions on the ground. this reflects the intent to destroy in whole or in part, which is what this thing which is genocide from other atrocity crimes. in the case of gaza, there exists a chilling clarity of this purpose, the systemati

and all of us can remember when a container ship that got stuck in the suez canal a few years ago, when that happened. it is important to remember that it took five weeks to dislodge that ship. well, if you think about what the dale is, the dale is almost as long as the eiffel tower. and the dali has a key bridge on top of it. we are talking about 3,000 tonnes of steel that is sitting on top of that ship. erin delmore is in new york for us. what do we know about this aid from washington? we what do we know about this aid from washington?— washington? we know it came seedil . washington? we know it came speedily. usually _ washington? we know it came speedily. usually it _ washington? we know it came speedily. usually it takes - washington? we know it came speedily. usually it takes a - washington? we know it came| speedily. usually it takes a few days— speedily. usually it takes a few days like — speedily. usually it takes a few days like aid like this to be disbursed from the federal government but in this case it has been _ government but in this case it has been three — government bu

you have a he major disruption in the shipping world, red sea, the ships cannot cross the suez canal.id it, go around the horn of africa. panama, the water levels are very low. you have a lot of disruptions. i think the incremental disruption that comes here by itself maybe it not major but when it comes on top of other disruptionses globally, that's not good. maria: the red sea hostilities forcing some ships to go around the african horn. that obviously pressured oil prices up and we're talking about oil at about $80 a barrel still. ryan, you you've got to put this into your analysis of the macro story, don't you? given the fact that now we're going to have another shipping issue that could keep inflation elevated. >> well, it surprised me that fed chair, jerome powell, said we'll cut rates three times as the dot plot says. maria: that surprised me too. >> they're talking about how frothy conditions are. you're seeing that with some semiconductor stocks, nvidia, adam, they're so high, trade at such a high premium to where they normally trade at, you've got net worths at the h highest

this is as close as we get to the suez canal.e suez canal, the workaround is more convenient, and they can be used but there is no place on the east coast that can take this kind of cargo, and some of it could end up going to los angeles, to long beach, and being taken across the country so this is a major deal. it really is a very big issue. it adds time and cost to those deliveries, of course. 850,000 cars went through the port in 2023, the most of any us port. also sugar and coffee and it exports coal, so this is an important part of us infrastructure. absolutely. a critical part. it exemplifies why modern logistics is great at optimising things in terms of cost but not in terms of risk. we don't have a back—up to all of this and that is a problem. withjust—in—time inventories i can see manufacturers in pennsylvania, southern new york, newjersey, down to virginia, not having some components and having to delay production. so this is a real problem. some 10,000 cargo containers on that ship, we understand. everything comes thro

which controlled egypt, decided to take over the palestinian region due to its proximity to the suez canal, which could secure the areas under its control in the arab and northern regions. increase africa. with this strategy, britain chose the zionist movement as its partner in the new colonial order. in the middle of world war i , a secret agreement was drawn up by an english politician named sir mark sykes and a french diplomat named francois georges picot. the saxe- picot agreement effectively paved the way for the establishment of a jewish state in palestine. in 1977 , british prime minister lloyd george promised to establish a homeland for jews. this commitment was written in the form of a letter from british foreign secretary arthur balfour to walter rothschild. a month after the balford declaration was published on 11 in december 1917, the british army led by general edmund allenby captured jerusalem. along with general allen b, the jewish company that was created under the british brigade also entered the city. one of the members of this group was david ben-gurin, who later became

this was done by stopping israeli airstrikes in the battle area of ​​the sinai desert and the suez canal was unbelievable for the people of egypt and the world to see these pictures . on october 13, an israeli battalion to completely in front of the global media flag. he pulled down the zionist regime and surrendered to the egyptian army. the successive defeats of the israeli army created a bad situation for this regime until the end of the first week of the war. israel was on the defensive for the first time in 25 years. מלאמה חבדת ימים, גבדת דמים, במלחמת ששת הימים נעשרו המשערו המשערו החמשרו החדשרו החדשרו החדשרו החדשרו החמשרו החדרו החדשרו החדשרו החדשרו החמשרו החדשרו החדשרו החדשרו החדשרו החדשרו החדרים now we are in the middle of the war, and we can't, we can't give. את הביטוי עבורים און לאבל ההבוד אל הללילים we have to continue fighting now בחירופן נפש, בגגרום ומונה, כעם שיודע שנלחם אל עלישון, און נלחמים אל כניון. but in the second week, the cards slowly turned. the command of the israeli army decided to put its main pressure on the northern front towards syria. because the victories in

and all of us can remember when the container ship that got stuck in the suez canal a few years ago, when that happened. it is important to the remember it took five weeks to dislodge that ship. well, if you think about what the dali is. the dali is almost as long as the eiffel tower. and the dali has the key bridge on top of it. we're talking 3000, 4000 tons of steel sitting on top of that ship. so, we have got work to do. but we are moving. so, first, on recovery. the best evidence we have at this time suggest that to advance our recovery efforts, we need to do more work to clear the channel. as of last night, the maryland state have suspended diving operations due to security concerns and further engineering analysis is ongoing to determine our next steps to bring closure to the families and set the course for salvage operations. as of this morning, i also received a briefing from the unified command on the extraordinary conditions our divers are working under. what are divers are seeing right now is this -- that water is so dark. and the debris is so dense, that in most instances

we have to see a conclusion of the weaponisation of trade around the straits and the suez canal. growing problems and risk of famine in some of the african nations, who are dependent on the red sea for theirfreight nations, who are dependent on the red sea for their freight and aid. in other news... in the uk, shop sales saw zero growth last month as wet weather and cost—of—living pressures kept people at home. sales of clothing did go up, but that was offset by a decline in the sale of food and fuel, according to official figures. all this comes after a lacklustre december then a strong bounceback injanuary. the planned merger between vodafone and three in the uk could lead to "higher prices" and "reduced quality" for customers, according to the competition watchdog. the $15 billion deal could now be subject to an in—depth investigation. the combined group would be the uk's biggest mobile network, with about 27 million customers. a quick look at what the markets are doing. quite mixed. investors are focused on what will happen to interest rates. that's it for me. sport today is

years ago , britain still had a serious presence in this country, and the reason for this was the suez canal company. tens of thousands of british troops were in egypt to protect the canal, and this presence continued even after the fall of the monarchy. the people and the new rulers were looking for an opportunity to get rid of this uninvited guest. and nasser and his friends used to count the minutes to do this every day. nasser's first meeting with british prime minister anthony eden in february 1955. unlike the smiles that the two of them had on their faces in front of the media cameras, none of them felt happy about the other because each of them knew what was going on in the other's mind. nasser iden was considered a small churchill because he still egypt looks at the colonial era. and he did not believe that egypt has become independent and the playing field in the middle east has changed. the mindset that nasser was trying to change and this effort turned both of them into blood enemies in the not-so-distant future. the egyptian kingdom today, but most of us, we don't appreciate it ,

he is with sadat he visited his residence in the city of ismailia, which was adjacent to the suez canal. it was during this trip that ando reached an agreement by forming a committee to review the process of reconciliation and peace. after intensive negotiations and with the presence of the united states in the following months, finally on september 17, 1978, the camp david agreement was signed in the presence of sadat and begin, an agreement that was met with nationwide opposition and the severance of all arab countries' relations with egypt and the country's expulsion from the arab league. came along with the passage of time, in addition to widespread protests in the arab world, critics of sadat regarding the peace negotiations with israel also increased inside egypt they found to the extent that ot hakemi announced the arrest of 1536 activists at all levels of political parties. among those arrested, in addition to anwar sadad's former colleagues who were in favor of the peace movement, a significant number of egyptian muslim brotherhood members were also seen. one of the arrested le

after the end of the suez canal crisis in 1956 and turning a military defeat into a political victory for egypt, nasser has been the undisputed leader of the arab world for more than 10 years. and from the east to the west of the world, every politician who has a little bit of an independence outlook meets with him , from indonesian president sukarno in the east to fidel castro and che guevara in the west, as well as african leaders, all of them are eager to meet contemporary hosts in their countries, even many heads arab countries that for a thousand and one reasons do not see nasser because of his popularity are forced to even have a commemorative photo with him. in these years, impression is busy implementing its ambitious plans in egypt and the middle east. which enjoys serious public support both domestically and has an important ally such as the soviet union at the global level. from all-round development in egypt to involvement in the war in yemen and sending troops to this country to help the leftist rebellion to overthrow the monarchy. but one of the biggest preoccupations. i

the second is all the distractions because of the suez canal, the red a sea, the panama canal because of draught. that's weather-related. and then, you know, you have the baltimore, maybe marginal, but around the world from time to time you have these issues that more and more afact if shipping. and i think people should -- affect shipping, and i think people should pay more attention to what's happening because, yes, shipping can drive inflation hire. it's important. liz: we saw how expensive it got during the lockdowns in the pandemic. i don't know, you have two funds, bdry and bwet, but they're more futures, correct? they haven't, as what i've seen, done well, it doesn't appear -- unless i'm missing something -- that there's a positive way of, i know it sounds horrible at this point as we still wait for six souls to be found, but profit off this or invest in it for our wiz audience? dis, business audience? >> boast -- both of these funds are trading vehicles. bdry is up 100% in the last six months. will: are. liz: well, my bad. oh, it's bwet -- >> all these reflect the price of fre

that means that if there's a significant drop in revenue for countries like egypt that operate the suez canal, what are those countries not doing more to rein in? who these? what i mean, 1st of all, is not just a drop in revenue for, for egypt, most of the things that europe exports anyway and to asia actually supposed to go through the red sea, which is the shortest route to asia, which means the european was actually paying the price already containers are twice as, as expensive. shipping insurance has increased by 200 percent. the transported around the african continent take means 10 more days of transport routes. so it is in our european central interest in, in a year where inflation is still the problem. increasing price is still a problem to make sure that this viper shipping would stays open the gulf countries in a bit of a bind. because as you may remember, since 2015, both saudi arabia as well as the you, a e and a range of properties including nature, drive, draining the fees on the ground in yemen. more or less unsuccessful. the until now and not in negotiations with because he's

the united states and looking after you already set down with king solid on the ship and in the suez canal and made the deal that them us and sorry, we have a still live under which is oil for the us. security guarantees, just saudi arabia, so they really need israel as a aircraft carrier there. as so many people say there's a few as a gift card. that's questionable. but certainly israel has gotten away with murder . and now we're genocide without really trying, that's exactly what the american leaders ship a degree in congress, but also by and are doing. and it's really still a mystery to me. why, why they couldn't not see, speak out and tell israel to stop despite that needs to pick up the phone. stop that it would guarantee his election. most likely, the democratic party in voters are going against him. they can't stand what they're seeing, andrew, said peter, before we started, there, show that you all are humanity is being destroyed here by watching this. it is degrading everyone's humanity and democrats to are seeing this. now they are seeing young people are out on the street. they

if you look at where the impact is you look at the country like egypt where suez canal fees are downand packing the build of their economy to function. you look at the movement of humanitarian supplies in the sudan, desperately poor situation, violence prevailing there. that is very disturbing. the ethiopian economy also suffering, and yemen itself. the yemenis themselves are being hurt by what the houthis are doing. the decrease in commercial ownvity going into humans ports. >> especially wewe are there are huge risk and huge economic impact for ourselves in order to support the chinese economy. and as for the economy's of people on the red sea were all sitting back quietly supporting in many cases supporting iran. wh the support the houthis are relying upon. i find it, i wonder, i mean, what are the strategic options?. if you guys want a closed and the ritzy that's up to you guys know that you want to step in and protect it. the idea that we are there suffering and these people are not defend themselves, and putting pressure on iran a is something i just don't understand. mr. chair

under covid, with the ship stuck in the suez canal, that always causes temporary pressure points to globalply chains, but we have seen global supply chains are much more resilient than some expect on the first glance. we are actively working with our customers to find solutions, and you look at the red sea situation. when it happened at the end of last year, that of course cause delays, but now the shipping lines have adjusted schedules, workarounds have been found, and goods are flowing again, so a short term shock disruption is a stressful situation for the system, but i think overall the supply chains are so strong and connect did and reliant that workarounds can be found in a relatively short timeframe. tom: what does that mean for your outlook for freight rates? >> when there is a disruption and a supply demand balance is out of whack temporarily that can lead to short-term spikes in rates that some times lead to surcharges, but we will see over time that things normalize. particularly with regard to the red sea situation i would not over exaggerated. there is a longer time around the

transport costs have gone up as tankers are diverted from the red sea and the suez canal and they have to go around africa. that's pushing the price of a bed. this sewage and production outside opec-plus is pushing it down and in the demand outlook is not looking that great particularly in china. so all those things mean it will be tough for opec-plus to push up prices. there is a trade-off here because as they keep reducing production and production from other places surge is they will lose rk share order they are already losing market share but will lose more. that will come to more of a head at the next meeting in june when they are deciding what they are doing for the rest of the year. there will be pressure particularly from smaller members that don't want to keep cutting out product but at the same time you have the saudi's under self-imposed budgetary pressure. annabelle: that was our energy and commodities editor andrew james there. there is more to come on daybreak: asia. this is bloomberg. haidi: the leaders of nine southeast asian nations and australia are gathering in melbo

as a young tailor in new york, he was admonished for sewing a message about the suez canal into dwightnow, here in the uk, mps are due to debate a proposed ban on safari hunters bringing body parts of endangered animals back home. the proposal was condemned by ministers in botswana, where safari—based tourism is an important soure of income. the government argues the tourism generated by the industry creates jobs for local communities, and is crucial to funding conservation efforts. the bbc has spoken to the president of botswana, mokgweetsi masisi, who gave his view on the proposed ban. i think it is a very sad tragedy that the british leadership, of all, would bring this upon us without even so much as a courteous call to us, nor even an attempt to understand what our circumstances are. it is also hypocritical, in our view, deeply so, that you allow your species to be hunted and trophies to be exported from the united kingdom, and not want the same for us to do. the chelsea flower show has stunned visitors with its beautiful displays for years, but this year the organisers have got s

protection in 2025, and essentially the bulk of the adjustment through the lower deliveries of that suez canalcoming from lower delivery to customers and some erosion of corporate emergence. for the u.s., i think there is some inflationary effect. inflation has been slightly higher than expected in the current months, but are broadly speaking the trajectory is in line with the targets, so at this stage they are not big enough to change the outlook for monetary policy i would say. kriti: there is a big question of how we talked about the fx story and we are starting to strengthen european currencies despite weakness in economic data. just yesterday, european manufacturing numbers. is there a risk of the ecb overrunning the fed? >> it is a good thing. reality is not so much front running, because i think they will probably cut both around june. at the are going at the same time, but in the case of the ecb i think the cuts are urgently needed to avoid that you go from stagnation to possibly slight contraction, and i really stress the ecb outlook for 2025, which is quite high growth, 1.5% positive

> mike, a retired pilot and aviation expert helping to investigate the cargo ship caught in the suez canalla suspended air traffic to allow for the search and rescue operation. >> i think some other things you have to look at. condolences from our team and we've worked extensively globally with the ntsb and here in the united states and internationally. one thing that will happen is jurisdiction issues between the state and federal government. technically owns the operation this morning. they have what's called go teams on stand by around the united states of experts and from the ntsb and put on u.s. aircraft and brought to baltimore. the ones not in the washington metroaire. the go team is already on the scene and they will be having a fight with the f.b.i. and with the local authorities but they are all concentrating on saving lives and rescuing folks and then creating an environment where this never happens again. >> brian: is it standard for tug boats to do things like that, the pilots were doing themselves bringing ships like this in and out? >> absolutely. so what happens is these har

the suez canal has a significant impact on overall resources.count on up to 30% more capacity needed as far as ships are concerned, 30% more containers, 30% more resources. that has a profound impact on the ability to serve market. airfreight only represent about 1% to 1.5% of total volume. ocean freight is much larger. inventory is being depleted over time and that will mean there will be higher demand for airfreight. annabelle: when it comes to higher demand for airfreight, you would be a key player in that. it does this is estate some expansion perhaps. given the recent weakness that we know we had in the industry last year, are you using that as an opportunity to buy any secondhand cargo jets in the market? michael: we have been quite active when it comes to buying aircraft as well. over the past four years we have taken delivery of eight new wide-body freighters. we have taken on six 777's. we've brought up to 10 747-400's off lease. the wide body aircraft, there's about 650 freighters in the world. we have more than 10% of that capacity ou

we mentioned before about the vessel in the container ship in the suez canal, just simply moving that took five weeks, just simply to that logic. what we saw when we went out there on that coast guard cutter , we saw a vessel that was almost the size of the eiffel tower. if the eiffel tower was laid down, this vessel is almost the size of the eiffel tower. the only difference is, it now has the key bridge laying on top of it. this is remarkably complicated while it's also having a salvage operation with many moving variables. the reality is, at this point, there are far many unknowns then knowns. the thing that we can say to everybody in our state is that, this is a team that is coordinated, this is a team that is not just working hard, but working around-the-clock to making sure we get to a proper completion. but we also know, this is going to be a long and a complicated process. and we are going to not just need people's patience on this, but we want to let them know, we are going to get this done. this is going to be a long process, it's a very complicated process, but people shoul

this is like the closing of the suez canal.he chinese and they wanted to take out a bridge, i can only think of one other bridge that would be as critical, maybe the george washington bridge in new york. but that wouldn't close the port of new york. this, unfortunately closes the port of baltimore as it is our largest port. a good deal comes through that way and a good deal goes out that way. you can't get around that. president biden has sent the army core of engineers to clear the passage as quickly as possible, the federal government he said will pay to rebuild a bridge. we can speak to the former mayor of baltimore, stephanie rawlings—bla ke. the transport secretary called it the transport secretary called it the cathedral of us infrastructure and it must be an enormous shock. is unimaginable, this is a bridge that i wasjust on unimaginable, this is a bridge that i was just on last week and it is something that if you see the sideline of baltimore, you see nothing more iconic, there is the domino sugar sign nothing more ico

we have to understand that the houthis have disrupted close to 50% of trade through the suez canal and shipping traffic has been rerouted. you see what is happening with the tanker markets. for us, it is a concern that this could be a template for future conflicts, may be in the strait of hormuz, the tennessee, and whatnot. that houthis have succeeded in raising their political voice and showing to the world that this can be done. haidi: 's access to the red sea and the panama canal we are also bracing for the possibility of port strikes. when something like this happens, are we already kind of dealing with a broader industry that has a pretty low tolerance for these sorts of incidents to happen? rahul: indeed. the geopolitics, if you look at the last three or four years with covid-19. there russia-ukraine war, the global supply chains are on tenterhooks. essentially what the cargo owners, shipping companies are building in in terms of disruptions, efficiencies inefficiencies in the global supply chain. you are talking more time spent at c4 cargoes spent at sea for cargoes. this data f

my favorite example is the suez canal boat that got lodged in the canal and caused $154 billion worthgned systems that are so brittle when anything goes wrong, things can fall apart very quickly. i also think it's important to think about our modern politics. there's some speculation the moment decided to run was when he was joked about by barack obama in 2011 at the white house correspondent's dinner. when you look at georgia, there's a swoop in the county- level election results you can see on the map. that's basically the coastline from an ancient inland sea 65 million years ago where phytoplankton settled around that coastline and it made the soil rich. that's where people set up plantations. the demographic manifestation of that today is where that's a lot of the black voters in georgia are clustered. those are the counties that ended up carrying 2020 for joe biden and that state and the senate for the democrats. you can actually visualize it from an ancient inland sea from the cretaceous period. the world is swayed more by flukes than we can imagine. >> you just rocked my world

timeline will be long and all of us can remember when the container ship that got stuck in the suez canal, a few years ago when that happened it's important to remember that it took five weeks the dislodge that ship well if you think about what the dali is, the dali is almost as long as the eiffel tower and the dali has the key bridge on top of it we're talking three to 4,000 tons of steel. that's sitting on top of that ship so we've got work to do but we're moving first on recovery >> the best evidence we have at this time suggests that to advance our recovery efforts, we need to do more work in order to clear the channel as of last night, the maryland state police have suspended diving operations due to security concerns. and further educate engineering analysis. is ongoing to determine our next steps to bring closure to the families and set the course for salvage operations as of this morning. i also received a briefing from the unified command on the extraordinary conditions are divers are working under what are divers are seeing right now is this, is that water is so dark and the deb

we have at least 50% of the traffic going through the suez canal and the red sea that has halted andl supply line that we've been talking about. i think we have to rethink this thing is little bit with the houthis. obviously they have a lot more rockets and missiles and capability than likely we expected. they certainly have the will to continue doing it. we've been talking about disrupting the houthis. it time to change the mission to destroy this capability and conduct a sustained campaign to do that. i would not rule out conducting on the ground raids by a special operations forces. for our audience to understand, in yemen where this is coming from, before the houthis desupposed a country and the government that was friendly to the united states, we had a soft base in yemen that we used to conduct attacks from against the al-quaida. since that time, that base has been gone. we have conducted attacks continually against the al-quaida in the yemen. so we know how to do this. i think that -- the mission should be changed. let's take the rockets, the missiles away, the launch systems,

we already know about the panama canal, the red sea and the suez canal. core goods prices came up.own, they came up in the last report. this period of deflation in goods that we have been in for the last six months or so, we are probably coming out of that. jonathan: do you think services can do the heavy lifting? >> that is what you need to have happen to bring inflation down. the idea that the labor market is softening, you really need to see that continue to bring overall inflation down which is a very unfortunate scenario. we like to have inflation come down. there is a reason it hasn't happened historically. if goods are going to be less disinflationary, less deflationary than services, that has to be three softer labor market. jonathan: what i hear from you is different than what i hear from the chairman. you are saying to get inflation back to target we need a recession. >> better still the most likely way you bring inflation back to target. if there some probability of a true soft landing? sure, but what we are seeing is consistent with the idea that wage growth has kind of

starting to displace the mediterranean native fish population they swim from the red sea through the suez canalin the ballast tanks of ships 50 new non native species, some potentially lethal to both native fish and humans have spread to the adriatic >> the set of all ten years ago, many would have said that nothing could kill you in the adriatic. however, things have changed since then croatian fishermen, marco kristin finds plenty of parrot fish in his nets he says they endanger his traditional catch. and are of no use to him or his business because the fish is unpopular in southern croatia, should another when i catch it, i can't sell it to anyone because the local people don't eat the new fish. they don't know what it is, and they don't want to eat it or try it or anything >> just want >> the mediterranean is becoming the fastest warming see on earth according to recent data scientists, neighboring montenegro say invasive species like in lionfish, are thriving in the warming adriatic wiping out local species and damaging ecosystems leaving the future uncertain for the communities who depend

. problems, blockages in the suez canal . it quietly. we reported it. not many other people did. the lenders actually put some of their mortgage rates up slightly for the first time in a long time because of these geopolitical dangers. but look the big picture is inflation's coming down the big picture is interest rates are coming down. these numbers add to that sense the interest rates are coming down please lots of down which won't please lots of savers. course lots of gb savers. of course lots of gb news listeners live news viewers and listeners live on savings, particularly on their savings, particularly pensioners. but if you're if you've mortgage, if you you've got a mortgage, if you want get a mortgage, if want to get a mortgage, if you've personal loans, you've got personal loans, interest will come down. interest rates will come down. but yet but i'm i don't yet think they're going down next they're going to come down next week. okay. >> thank you liam liam halligan there. it for today there. now that is it for today

participation with britain and france in the invasion of egypt after the nationalization by nasser of the suez canal. you literally have to go back to 1956 for a confrontational moment in u.s./israeli relations. what this tells me is israel now has a prime minister, let's put aside the fact that many of us think what he is doing is ill-advised, that we have a prime minister who seems to be politically thinking that his prospects will improve not by managing israel's most important relationship but by upending it. by saying he is the only force that stands between israel and american pressure. that is something qualitatively different. >> richard, netanyahu has pulled back this delegation that was supposed to travel to the united states. we should point out, defense secretary austin is still going to meet today with the israeli defense minister. as you say, there's obviously some major friction here. i guess the question is, what's the way forward in this relationship as it pertains to the war in gaza? we heard admiral kirby yesterday saying we haven't changed our policy. we always said there had to

let's also take a look at shipping rates, we saw a not so long ago how the suez, the panama canal disruptions really led to a spike in shipping rates. don't forget the red sea attacks. all of that will be digested and it also depends on how long this disruption lasts. haslinda: we will have to wait and see over the course of several weeks or perhaps even several months. let's discuss the impact of the baltimore bridge collapsed on the shipping industry. joining us is a ship owner providing global transportation services. what are you gleaning from this? >> firstly, this was minimized by the ship actually sending out a made a signal. that helped shoreside authorities to actually take action and close down the bridge to traffic, so just a few people were on the bridge. that's the first issue that has come out of this. in terms of the impact, 25 million tons of coal are being exported from baltimore, now if that coal is not available for some time, this will have an impact on the coal supplies in australia and indonesia which will then have to pick up the slack and send cargo to india. for the s

that strategy is to impede the flow of commerce and the suez canal, and it is working, right?g about it. the u.s. is taking effective measures. the u.s. is realizing economic losses. since october 7, the u.s. has made almost no ground in slowing down the killing of palestinians, while the houthis, a small group of people, have been able to be effective in creating conversation. and that is all they can do. they have missile defense, and so to the palestinian people. what do you expect from the people who see that plight and want to take action? i think it is not just iran. it is folks. but i don't think they are a c4 iran, just -- are a proxy for iran, just like israel is not a direct proxy for the u.s. if they were, they would have stopped. i want to get your opinion. guest: i agree with you that the these are not a proxy of iran. -- the houthis are not a proxy of iran. i never say that. there are differences between the these and the iranians. the houthis don't do everything the iranians ask them to do, and the houthis don't like everything the iranians do. i think there is

canal. to put it bluntly, until recently the egyptians earned up to a billion dollars a month for tickets through suezricans have done it to egypt. than during the same period they were transported around africa through the cape of good hope. but why are we talking about americans again? and because they support the israeli military operation in the gaza strip, which began in response to the ruthless terrorist attack of the hamas group on october 7, but now looks frankly excessive for the entire muslim world. it is expected that. on march 6, the houthis attacked the barbados cargo ship true confidence in the gulf of adon. these ships were lucky. they stayed afloat. and here is a cargo ship under the flag. the americans sent a navy against the houthis, but it didn’t help, the us ships themselves came under enemy fire, which was stupid in the end, and the task of protecting shipping has not been solved. now the us wants china to have its say, but china's position is as simple as truth: stop the genocide in gaza, the houthis will stop, international shipping in the region will return. and this is where d

canal. to put it bluntly, until recently the egyptians earned up to a billion dollars a month for tickets through suezgypt receives half as much, income has fallen by half. but the point is not that it is egypt that is suffering losses, but that if merchant ships, tankers, dry cargo ships and container carts go from asia to europe, not through the red sea and the suede canal, around. which began in response to the ruthless terrorist attack of the hamas group on october 7, but now for the entire muslim world it looks frankly excessive, it is expected that this excessiveness will cause a forceful response, perhaps asymmetrical, it so happened that the yemeni houthi rebels announced that they would attack their coast in the red sea , all ships associated with israel did this, for example, the military fleet, but this did not help, us ships they themselves came under daring fire, the result was stupidity, and the task of protecting shipping was never solved, now the united states wants china to have its say, but china’s position. because it’s true, stop the genocide in gaza, the houthis will stop, interna

canal. to put it bluntly, until recently the egyptians earned up to a billion dollars a month for tickets through suezans have made it so that egypt receives half as much, income has fallen by half. but the point is not that it is egypt that is suffering losses, the point is that if merchant ships, tankers, dry cargo ships and container carriers go from... to europe not through the red sea and the suede canal, around africa, then the global logistics scheme changes, everything becomes longer and more expensive. clearly, in this graph, since january 24 , the volume of traffic through the suede canal has fallen to 2 million tons, which is three times less than what was transported bypassing africa through the thought of good hope during the same period. but why are we talking about americans again? but because they support the israeli military operation in the gaza strip, which began in response to the ruthless terrorist attack by the hamas 7 group october, but now for the entire muslim world it looks frankly excessive, it is expected that this excessiveness will cause a forceful response, perhaps asymm

canal. to put it bluntly, until recently the egyptians earned up to a billion dollars a month for tickets through suez as much, income has fallen by half. but the point is not that it is egypt that is suffering losses, the point is that if merchant ships, tankers, dry cargo ships and container carts go from... asia to europe, not through the red sea and the bustling canal, around africa, then the global logistics scheme changes, everything becomes longer and more expensive. but why are we talking about americans again? but because they support the israeli military operation in the gaza strip, which began in response to the ruthless terrorist attack of the hamas group on october 7, but now for the entire muslim world it looks... frankly excessive, it is expected that this excessiveness will cause a forceful response, to be maybe asymmetrical, it so happened, the yemeni houthi rebels said that they would attack all ships associated with israel off their coast in the red sea, they did this, for example, with a hole in the side of the msc sky 2 under the flag of liberia, obviously a trace from a missile,

suez crisis in egypt, we were embarrassed. we went and the went with the french and the israelis and take over israelis to try and take over the which was central to the a canal and we were told by the americans, you naughty boys , do that again. stop. boys, don't do that again. stop. so britain is following america around like little lapdog a around like a little lapdog a lot of the time, doing whatever they want. look at the iraq war, whatever. look at look at the situation moment situation at the moment with palestine britain's global situation at the moment with palestihas britain's global situation at the moment with palestihas been in's global situation at the moment with palestihas been decliningl power has been declining significantly and significantly for decades and decades decades. so for decades and decades. and so for british to stand and british people to stand up and say, britannia, rule the waves, despite fact that despite the fact that it obviously celebration obviously was a celebration of slavery is untrue slavery at the time is untrue because britannia rule because britannia doesn't rule the doesn't rule its the waves, it doesn't rule its