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International

Israel-Hamas war halts progress on crucial trade route project

January 24, 2024 Reprints

The Israel-Hamas war has halted progress on the world’s most ambitious trade route, the India-Middle East-Europe Economic Corridor project, which is a far-reaching plan to channel Europe-Asia trade via the Middle East, gCaptain reported citing Bloomberg. The project is effectively on ice as the escalating attacks by Yemen’s Houthi militant group on container ships have disrupted Red Sea shipping as well as have spread turmoil throughout the region.

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Israel-Hamas war halts progress on crucial trade route project

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