Part 2/14:
The Red Sea is often referred to as a "super highway" for the maritime trade that sustains the global economy. It provides the shortest maritime passage between Asia and Europe, connecting the Suez Canal and Egypt to the Indian Ocean. Approximately 20% of the world's container traffic traverses this route, along with 8-10% of refined crude oil and other energy products. The stability of this corridor is thus critical to the functioning of global markets, making the recent escalation of violence particularly perilous.