Rising shipping costs hit global trade hard
Jul 10, 2024
London [US], July 10: The significance of the Red Sea shipping route for global trade is enormous. But for over six months now, Houthi militias from Yemen have been attacking ships in the region for their owners' or operators' ties to Israel. The attacks come as Israel executes its war against Hamas in Gaza following its massacre of Israeli citizens on October 7 of last year.
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