A long-term ceasefire between Israel and Hamas is not necessarily enough for the shipping industry to be able to sail through the Suez Canal again. ... If you ask Etel Solingen, who as a professor at the University of California Irvine researches the impact of geopolitics on supply chains, a much broader agreement may be needed if the ambition is also to stop the Houthi attacks in the Red Sea. "The Houthis are part of the broader Middle East's core problem, which is Iran's role," says Etel Solingen. "To a certain extent, there has not been a focus on the risk to the global economy that the Houthis are responsible for. The agreement that is negotiated in place on Gaza and on the Middle East as a whole will have to also tackle the Houthis, who should be an integral part of the overall solution,” she says.

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