Cyprus chamber sees significant impact from Houthis on shipping ...Saudi Arabia

NICOSIA: Sustained attacks by Yemen’s Houthis on vessels using Red Sea shipping lanes could have a “substantial” impact on economies and a knock-on effect on prices, a key Cypriot shipping industry group said on Thursday. Attacks by Houthis have disrupted a vital trade route, particularly of oil, as vessels access the Suez Canal via the Red Sea. Some shipping lines have been forced to divert vessels from the Red Sea to longer routes, threatening supply bottlenecks.

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