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How will Red Sea ship attacks impact US gas prices? | Cuomo
Posted
December 21, 2023
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December 21, 2023
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5:48Now PlayingThe United States and nine other nations will be sending naval ships to the Red Sea to protect cargo vessels that have been under attack by Iran-backed Houthis. Instead of going through the Red Sea, some commercial vessels carrying crude oil are now going around Africa, adding nearly a month to the trip. The increased cost of shipping is likely to be passed off to consumers at the gas pump. Kirk Lippold, a retired U.S. Navy commander, Peter Schiff, chief economist for Euro Pacific Asset Management, join “CUOMO” to discuss.
#RedSea #oil #gasprices
Chris Cuomo hosts "CUOMO," a no-nonsense show featuring the day's most important news from all perspectives. "CUOMO" airs weeknights at 8 p.m. ET/ 7 p.m. CT on NewsNation. #CUOMO
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