Red Sea: Cheap drone attacks have outsized effect on global economic inflation

Attacks on container ships in the Red Sea have forced hundreds of ships carrying billions of dollars’ worth of cargo to avoid the region and the shortcut to the Mediterranean through the Suez Canal, resulting in global increases in inflation and carbon emissions – and much of this disruption comes down to mass-produced, explosive drones made for relatively low cost.

Since October 2023, Houthi forces based in Yemen have launched more than 100 drone and…