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Middle East Escalation Reverses Container Line Return Plans, EU Extends Red Sea Protection
The latest escalation in Middle East tensions has dealt a significant setback to the container sector’s gradual return to the Red Sea, intensifying pressure on already strained global trade corridors. Following the February 28 military offensive on Iran, MarineTraffic reported on X that vessel traffic through the Strait of Hormuz has fallen by 70%. Assessing