All is not smooth sailing.....as some NATO Nations are refusing to allow their Navy to participate unless their Ships are under NATO Control and not the US led Coalition.
How will that turn out should this become a genuine international commerce crisis where shipping can no longer utilize the Red Sea or Suez Canal route and have to go the long way around to get to Europe?
If Insurance Carriers terminate coverage and Shipping Companies have to avoid the area it could become a real economic cost to national economies that are already fragile.