China-Houthis talks on Red Sea deal
Reports have indicated that international maritime shipping activity experienced an increase during the period from March 2024 to May 2024. Shipping volumes rose by 20% compared to the same period last year, with more than 50 million barrels of oil and 5,200 ships passing through major shipping routes. Sources pointed out that global demand for shipping surged following a decline in natural disasters and the reopening of ports, leading to stabilized prices and a significant boost in maritime transportation activity.
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