Rerouting by major shipping companies and potential disruptions in the Suez Canal pose challenges for Europe, with inflation and energy price fluctuations becoming significant worries. Recent events in the Red Sea, involving attacks by the Iran-based Houthi group, have disrupted the maritime navigation sector, pivotal for trade between Europe, the Middle East and Asia, raising concerns about the potential resurgence of inflationary pressures. The ensuing fear has led to major shipping companies altering their routes to avoid the Red Sea and the Suez Canal, opting instead for the longer journey…