How The Red Sea Crisis Is Harming India, Vietnam & The Rest Of Asia | Insight | Full Episode
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 Published On Apr 15, 2024

There is trouble in the Red Sea. Houthi attacks on ships have seen a diversion of maritime traffic away from the Suez Canal. This has led to rising shipping costs, and broken supply chains could push an already fragile global economy into recession.

Meanwhile, the Houthis have vowed to expand their attacks, even as the war in Gaza becomes a rallying cause for other non-state militant groups. International efforts to broker a ceasefire in Gaza have stalled, while joint naval efforts to stop the Red Sea attacks have seen limited success. With signs that the Red Sea crisis could deepen, what will this mean for India, Vietnam, and the rest of Asia?

00:00 Introduction
01:48 Vietnam's worldwide coffee exports affected by Red Sea crisis
03:45 Origins of Red Sea crisis
07:30 Indian navy receiving calls from distressed vessels
10:20 Freight charges increase as companies divert their ships
13:28 Indian rice exporters, farmers suffer longer export times, higher costs
19:36 Twin crisis: Demands for exports fall while inputs cost more
24:32 Civil war in Yemen and the role of its Middle Eastern neighbours
33:42 Red Sea pirates working with the Houthis?
35:31 Operation Prosperity Guardian to keep commerce flowing
39:00 China's criticism of US actions
42:40 Will Red Sea attacks stop with a ceasefire in Gaza?

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ABOUT THE SHOW: Insight investigates and analyses topical issues that impact Asia and the rest of the world.
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