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Major oil shipping route at risk due to Yemen conflict

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The ongoing conflict in Yemen has put the Bab el-Mandeb shipping route at risk, The Maritime Executive reported citing Reuters. There have also been multiple hijackings of merchant ships in recent years in the area.

Almost four million barrels of oil are shipped daily to the United States, Europe and Asia through the passage. Yemen has shut down its major seaports due to the conflict. Shipping and insurance sources have said that shipping disruptions would increase costs.

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