As the Red Sea crisis continues, pressure on consumer prices follows in its wake

UK manufacturers and retailers are not yet passing on all the costs of diverting ships round southern Africa - but can that last?

When footage first appeared of Houthi rebels hijacking the cargo ship Galaxy Leader in the Red Sea last November, it sent shockwaves through the world of trade.

The coordinated attack on the ship, which was partly owned by Israeli billionaire Abraham Ungar, was the start of a six-month campaign by Yemen-based militants to terrorise western vessels using the route, in response to the conflict in Gaza.