Trade in the Red Sea has plummeted dramatically, with a 56% drop in ship traffic as geopolitical tensions escalate in the Middle East. The ongoing conflict, particularly Israel s military actions in Gaza, has forced vessels to reroute around the Cape of Good Hope, significantly impacting global maritime trade. Key Takeaways Red Sea ship traffic has [ ]
Monday 13 October 2025
balkaneu.com - 12 month ago
Red Sea Trade Faces Historic Decline Amid Rising Middle East Tensions
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