The price of oil jumped on news that U.S. and British warplanes launched strikes against Houthi targets in Yemen, marking a significant escalation of conflict and tension that has been building in the area. Shipping costs continue to soar as commercial vessels are diverted away from the area, adding to production delays as well as fuel and labour costs. And the list of disrupted companies continues to grow, including Ikea, BP, Tesla, Volvo, Abercrombie and Crocs. Anne Gaviola has more on the current — and expected — impact on supply chains and inflation across North America.
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