Shipping operations are on hold as the world watches for a reaction from the Houthi movement following recent attacks on Iran, attributed to the US and Israel. Industry experts warn that the escalating Middle East conflict is poised to disrupt global trade routes. Meanwhile, an economist noted that unpredictability has become the 'operating model' for the current administration, a factor influencing economic forecasts. The conflict also poses new risks to US economic growth, according to Treasury Secretary Yellen. In related news, MSC has downgraded its India-Europe/Mediterranean network due to difficulties with transshipment cargo. An expert on Yemen suggests that the leadership of the Tehran-backed Houthi group may be divided on their response to the attacks. As the conflict enters its third day, approximately 10% of the global container shipping fleet is either stranded within the Persian Gulf or waiting outside.