Disruptions in the Red Sea could last for up to a year, according to Japan’s Mitsui OSK Lines The disruptions to global supply chains caused by the ongoing tensions in the Red Sea could last for a year, Japanese shipping giant Mitsui OSK Lines (MOL) has warned.

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The country spends $270 million a day on the military campaign in Gaza, according to the credit rating agency The war with the Palestinian militant group Hamas is costing Israel at least $269 million a day and is expected to hit the country’s economy harder than previous conflicts, ratings agency Moody’s has said in a…