March 11, 2024

The Red Sea Crisis Effect: How January’s Non-Oil Exports Took a Hit

The ongoing crisis in the Red Sea region has had a significant impact on non-oil exports from the Middle East, with January seeing the steepest fall in nine months. According to recent data released by the National Export Council, non-oil exports dropped by 12% in January compared to the previous month, marking the largest decline…

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Rakesh Wynswell