Red Sea blockade undermining global commerce – report

Red Sea blockade undermining global commerce – report

World trade plunged by 1.3% from November to December 2023 as a result of Houthi attacks on merchant vessels in the Red Sea, according to a new report by the IfW Kiel. The German economic institute said on Thursday that the volume of containers transported via the Red Sea had plummeted by more than half…

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