Imports to the West Will Skyrocket. Goods to the BRICS should remain stable

Red Sea is now largely closed to traffic. That's 8.8 million bpd of daily oil transit, and nearly 380 million tons of daily cargo transit.

Global traffic now will be rerouted around Cape of Good Hope, adding 40% to voyage distance (and even more to cost) pic.twitter.com/Xct7x03tFI

— zerohedge (@zerohedge) December 18, 2023

Luongo says that But those coming from BRICS countries will still go through the Suez.

But those coming from BRICS countries will still go through the Suez.

So, #FAFO is still the law of the land. #Inflation. https://t.co/JqznQJLJPh

— Tom Luongo (Head Sneetch) (@TFL1728) December 17, 2023