Egypt has now confirmed that a fire at its Mediterranean port of Damietta was caused by a drone attack. Kuwait and Jordan are also reporting being targeted by Iranian strikes. The latest escalation has dimmed hopes of a return to normal shipping in the Strait of Hormuz. Iran has rejected a proposal from Oman to jointly manage traffic through the strategic waterway. Yemen’s Houthis are also threatening to choke off the Bab el-Mandeb Strait, which connects the Red Sea to the Gulf of Aden and the Indian Ocean – another crucial Middle East trade route. DW’s Nicole Frölich speaks to Ami Daniel in Tel Aviv. He’s the CEO of Windward, a company that delivers maritime intelligence and risk assessment for shipping.
Chapters:
00:00 US launches new strikes against Iran
00:01:00 Ami Daniel of Windward joins DW from Tel Aviv
00:02:04 Is shipping still moving through the Strait of Hormuz?
00:03:01 Iran rejects Oman’s proposal on managing the waterway
00:04:32 Could maritime fees fuel global inflation?
00:04:55 Ami Daniel on payments for safe passage at sea
00:06:19 What the crisis means for the future of global trade
00:07:24 The economic impact on consumers and markets
00:07:30 Ami Daniel’s final assessment from Tel Aviv
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