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Red Sea Risks "Elevated to a New Level" After "Tutor" Sinking, Insurance Costs Soar

Red Sea Risks "Elevated to a New Level" After "Tutor" Sinking, Insurance Costs Soar

The sinking of a Greek-owned tanker after being targeted by a drone launched by the Houthi group, designated as a terrorist organization, last week has significantly increased risks in the Bab el-Mandeb Strait, pushing them to "a new level," according to a report by Bloomberg on Friday, ...

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