Israel's war on Gaza increases pressure on the global economy. Oil prices rose from an average of $75 before the war on the Gaza Strip, and reached $86 in the first weeks.
The cost of shipping passing through the Bab al-Mandab Strait increased by up to 170% due to the Houthi group’s attacks on ships linked to Israel, the United States, and Britain. China was negatively affected by the developments, and as a result it put alternative land routes on its agenda to meet external demand.