I remain alert, not alarmed by the Middle East. But, there is an obvious risk case that gets worse, and Deutsche Bank has outlined it.
Red Sea transits have collapsed:
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2024-01-31_13-12-22.png?itok=NZ5uG6VT)
Longer shipping times means more containers needed:
![](https://assets.zerohedge.com/s3fs-public/styles/inline_image_mobile/public/inline-images/2024-01-31_13-22-32.png?itok=NUb7cUxi)
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