Return of Red Sea Cargo “Less Likely” After Attacks on Iran
Major ocean container lines are less likely to return to the Red Sea/Suez Canal route, analysts said, as Israel and Iran continued to trade military strikes.
There were no immediate reports of attacks on commercial shipping by Iran after Israel attacked nuclear targets there Thursday. But industry observers warned that could change amid rising tensions in the region.
Published reports said Iran’s parliament was considering closing the Strait of Hormuz to vessel traffic, in an effort to put economic pressure on Israel and its allies. The narrow maritime...
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