🚢🔻Suez Canal Tanker Crossings Dip: Cable FX Macro

• Some desks have noted inflation upside risks on higher transport costs given Red Sea ship attacks and an escalation in Middle East tensions

• We’re looking at a 7-day rolling container and tanker crossings via the Suez Canal to compare historical data

• Container crossings have now dipped to the lowest level since March 2021, when the Evergreen ship container got stuck in the Suez Canal and disrupted global trade