We should pull all our troops out of the Middle East if they’re sitting ducks. If we can’t use the Suez Canal, we may have to pay more on certain goods.
Ton-mile analysis of the most basic sort indicates severe shortages of critical products to Europe if the Red Sea route is closed for long, in the present environment. Basically, product deliveries are inversely proportional to voyage time. Most routes double in time, some go as high as 4x. (I’m uncertain if this accounts for some ships having to bunker in South Africa, a whole ‘nother problem as that’s been erratic.) LNG looks to be a huge problem, as the supply of ships is tight already, despite new builds. Ship anywhere near enough LNG from the US and our gas prices go back up. I doubt we have the terminal capacity anyway.
USA won’t be hit as hard as Europe, but ripple effects will still be rough. I’d not be shocked if some major Euro economies actually collapse, and I’ve been an advocate ever since Pooty invaded Ukraine that Euro economies were more robust than the Rooskie tools and trolls would have us believe...
We have troops on the ground in Yemen. Biden will get them all killed.