Sunday, May 10, 2026

IMF: Transits through the Bab-el-Mandeb Strait remain half of what they were prior to the Hamas attack on Israel in 2023 and have not come close to replacing lost Persian Gulf shipping

 ... In the Red Sea, attacks on shipping that began in 2023 forced many vessels to reroute around Africa rather than use the Suez Canal. More than two years on, transits through the Bab el-Mandeb strait between Yemen and Djibouti remain stuck at roughly half their pre-attack level. ...

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