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Red Sea Chaos: Impact on Global Economy

'No shipping, no shopping':
Trade experts warn Congress what more Houthi Red Sea chaos will mean for the economy.

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Experts Warn Red Sea in Danger

Specialists in maritime transport and economic experts are sounding the alarm about an imminent "new shock" to global trade, reminiscent of the disruptions witnessed during the COVID-19 pandemic. This concern arises in the wake of major shipping companies suspending their activities in the Red Sea due to Houthi attacks on commercial vessels in the Bab el-Mandeb strait. Read More…

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