Global | BBVA Research Big Data Geopolitics Monitor. January 16, 2024

Israel focuses on dismantling Hamas' command structure. In Yemen, US and UK launch strikes in response to Houthi rebel attacks on Red Sea shipping. US military intercepts a Houthi-fired missile for USS Laboon. Iran launched missiles in Northern Iraq and Syria targeting an Israeli spy base, increasing regional conflict risk.

Key points

• Key points:
• UN Secretary-General Antonio Guterres urges all parties to avoid escalation. NATO characterizes the strikes as defensive, safeguarding navigation freedom.
• The EU and its member states prefer de-escalation and diplomatic solutions in the conflict. They recognize Red Sea security concerns, especially for shipping, but prioritize a balanced approach considering security and humanitarian aspects.
• Red Sea attacks disrupt global trade, leading major shipping companies to reroute vessels and decreasing Red Sea traffic. Possible Yemeni or Hezbollah retaliation keeps the situation highly tense.
• Tension persists in the Middle East, affecting Western countries' indixes. In Emerging Countries, Ecuador's situation is noticeable in indicators. Argentina's Economic Policy Uncertainty and Protest indixes begin to ease as the media processes economic measures.

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