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Read More »Red Sea becomes ‘lesser evil’ as Hormuz risks mount
The Red Sea is becoming the “lesser evil” for shipowners, analysts said, as uncertainty in the Strait of Hormuz outweighs the threat posed by Yemen’s Houthi militants. The Iranian-backed rebels began attacking commercial vessels in the Red Sea and its southern gateway at Bab el-Mandeb in late 2023, prompting most …
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