Trade disruptions due to the situation in the Red Sea will persist until the end of 2024 — Maersk forecast

The world's second-largest shipping company looks pessimistically at the situation with freight transport in the region, where Houthi attacks continue. Maersk stated that, in their opinion, the difficulties with trade through the Red Sea "will not be short-term and will continue at least in the second half of the year." In March, the cost of transporting a container reached $6800, whereas before the crisis it was $750.

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"Our university is taking our tuition money without our consent and investing it in companies that contribute to the suffering of Palestinians."

A student at the University of Toronto in Canada explains why they are protesting.

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BREAKING: Labour believe they have LOST the West Midlands Mayoral election because of Gaza.

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Public supporters rallied outside the gates of UCL to support the students' Gaza encampment, stating that " you're the future, you're changing this ugly world, and we after you."

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Mondoweiss: In the first such divestment action by a major Christian denomination, the General Conference of The United Methodist Church has voted to divest from Israel bonds, and those of other countries carrying out prolonged military occupations.

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Several rockets made impact on Jabal Jarmaq near "Meron" IOF base, following the latest rocket barrage of about 10 rockets.

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Reportedly, a fire occurred at a metallurgical plant of the defence-industrial company Diehl in Berlin.

This company is the developer and manufacturer of Iris-T missiles.

“Chemicals are burning in the building. Sulfuric acid and copper cyanide were stored there. There is a risk of hydrogen cyanide forming, which will rise into the air along with the smoke,” a fire service spokesman said.

Residents are advised to avoid and drive around the area, close windows and doors, and turn off HVAC systems.

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Middle East Eye:

Sectors across the Israeli economy are warning of wide-reaching impacts of Turkey’s decision to halt all trade with Israel, and are scrambling to find alternative sources for lost imports.

The Turkish trade ministry announced earlier this week that Ankara is halting all import and export transactions related to Israel until it “allows an uninterrupted and sufficient flow of humanitarian aid to Gaza”.

The ban on imports includes iron and steel products, construction materials, minerals, machinery, cars, energy products, rubber, plastics, health and agricultural products.

The construction industry is bracing for the loss of Turkish iron and steel products and building materials, as Turkey supplied 29 percent of Israel's total cement imports last year.

Meanwhile, Israel’s largest oil refinery, Bezan, said the ban could impact crude oil imports.

Forty percent of Israel’s annual oil consumption is piped to the Turkish oil hub port of Ceyhan and then shipped to Israel.

Moreover, representatives of the electrical products industry are warning that the ban could lead to a 35 percent hike in prices, as the majority of domestic electrical goods in Israel are manufactured in Turkey.

The new restrictions could force importers to import across the Red Sea, where attacks by Yemen's Houthi group have driven a spike in shipping costs.

It appears Erdogan hit late, but where it counts.

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