Why we should worry about the Red Sea crisis

Targeting trade: A photo of a cargo ship that was hit by a bomb-carrying drone in the Red Sea last week. The number of containers moving through the area has reportedly dropped by 60%. — AP

Maritime transport, often described as the lifeblood of international trade, plays a paramount role in global logistics.

According to the United Nations Conference on Trade and Development, maritime transport is estimated to account for nearly 80% to 90% of global trade in 2022.