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Shipping companies avoid Red Sea trade route amid attacks, raising concerns for global commerce, Yemen

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Shipping companies are avoiding the Red Sea trade route after recent attacks, causing concerns for global commerce. The impact on oil and gas shipping and the Suez Canal is a major concern. Experts believe delays may affect oil supply the most, while LNG trade may remain largely unaffected. However, concerns over demand and potential supply surplus could limit long-term price growth. Vigilance and the duration of the disruptions will determine the impact on shipping.

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