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World

Are Red Sea ship attacks the start of a crisis for the global economy?

21 December 2023

2:51 AM

21 December 2023

2:51 AM

Covid provided a revelation of the vulnerabilities of the global supply chain, but now war in Yemen has provided another. Attacks on shipping by Iranian-backed Houthis has reminded the world of how much trade is reliant on free passage through the Bab-al-Mandeb Strait, an 18-mile wide waterway at the southern entrance to the Red Sea.

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