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9.4
Saudi Red Sea War-Risk Premiums Triple as Hormuz Workaround Costs Rise
OilPrice.com·SA · YE·3 days ago
Indian External Affairs Minister Jaishankar, at the UN, condemned attacks on commercial shipping in the Gulf and Red Sea as 'simply indefensible' and announced a 'group of friends' with Liberia to address the issue. He sharply rebuked a Pakistani journalist's question, calling Pakistan a 'terrorist country'. The initiative signals a multilateral push to secure maritime trade routes, though its concrete measures remain unspecified.