Comment / The return to Suez – our base case

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With Yemen’s Houthis having declared victory and their war against Israel via commercial shipping in the Red Sea seemingly – a key word here – at a close, shipping executives are once more beginning to think about relaunching Suez Canal transits.

Accompanying that is the prospect of wide-scale port congestion, particularly in Europe.

But why?

Well, imagine this thought experiment – you and friend A are both driving from the same origin to see friend B, but you leave an hour earlier. Shortly ...