Could the unrest in Egypt disrupt activity through the Suez Canal?
Last week, Gen. James Mattis, head of the US Central Command responsible for military operations in the region, called closure of the Suez Canal “inconceivable.” Still, if there did happen to be any disruptions, he said the US would respond “diplomatically, economically, militarily.”
Although supplies traveling through the port of Suez have not been disrupted, rising tensions are forcing several shipping companies to modify their operations. For example, some companies have ordered ships not to change crews in Egypt, and port employees must leave their posts early to comply with the government curfew that begins in the late afternoon, according to The New York Times.
Will your supply chain be disrupted? Are commodity prices likely to rise? (more…)