The recent spate of Houthi attacks on container ships in the Red Sea is creating a ripple effect that could strain the vital oil market alliance between Russia and Saudi Arabia. A report from Reuters indicates that since mid-January, the number of tankers navigating the Red Sea has plummeted by over half. Simultaneously, freight rates have surged by a third since mid-December, and insurance premiums have spiked to approximately 1% of the insured...

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