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Red Sea Shipping Crisis (2026)
Causes: Military escalation involving Iran, Houthi rebel attacks, and expanded naval operations.
Impacts:
- Suspension of Suez Canal and Strait of Hormuz transits.
- Rerouting via Cape of Good Hope (+10–15 days).
- Freight rates doubled.
- Global supply chain instability.
Significance: Shows vulnerability of global trade when strategic corridors are disrupted.
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