Houthi rebels are continuing to disrupt trade in the Red Sea, causing ships to divert from their planned path through the Suez Canal. With no signs of improvement with in the conflict, impacts on world trade may be felt through consumer's wallets. Matthew Muenster, Breakthrough Chief Economist, joins Yahoo Finance to discuss the ongoing situation in the Red Sea and the impact of the conflict on trade. Muenster comments on the impacts: "The largest pain points right now seem to be hitting those major corporations of container shipping, of real prominent brands, and tanker shipping industry that have chosen to move most, if not all, of their freight around the canal, that are rerouting around the Cape of Good Hope and ultimately choosing to take this destination to keep their crews safe, to keep their cargo safe. Ultimately that has a profound impact. It also has an impact on the cargo owners whose freight are now moving around the Cape of Good Hope. This is a massive transportation disruption. It does matter substantially to transit times. It's adding 10 to 12 days in some instances. It is coming at an increased cost." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

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