Houthi rebels in Yemen, backed by Iran, attack ships at a critical maritime choke point, disrupting global trade.

• Houthi rebels fired missiles and drones at ships, causing companies to avoid the Bab-el-Mandeb Strait.
• The US and UK responded with aerial bombings to try to unblock the maritime route.
• This crisis has a significant negative impact on the global economy.

The Panama Canal faces a crisis due to reduced water levels, impacting its operation and global trade routes.

• The Panama Canal is critical for global trade and military operations, but climate change is affecting its functionality.
• Lack of rain and increased droughts are leading to lower water levels, essential for the canal's operation.
• The canal's reduced capacity is causing shipping delays and forcing some vessels to take longer routes.

Several infrastructure projects across the Americas are proposed as alternatives to the Panama Canal.

• The bi-oceanic corridor in South America aims to connect the Pacific and Atlantic by road, enhancing trade efficiency.
• Colombia plans to connect its Atlantic and Pacific coasts via an interoceanic railway.
• Mexico is developing a rail route across the Isthmus of Tehuantepec to link the two oceans.

Panama Canal Authority proposes solutions to safeguard the future of the canal amid emerging global trade routes.

• The authority considers creating new reservoirs and water channels to address the water scarcity problem.
• These projects will be costly and time-consuming but are necessary to maintain the canal's relevance.
• The Panama Canal is at a crossroads, needing to adapt or face a decline in its importance to global trade.