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“A more recent escalation in fighting between Saudi Arabia and the Houthis has further compounded the crisis: the Bab al-Mandeb strait that connects the Red Sea to the Gulf of Aden, which Saudi Arabia uses to export oil, is now also a theatre of war.”

“…nd global shipping turmoil, Pakistan’s premium Basmati rice exports have absorbed the shock waves of the US-Iran conflict and broader Gulf region disruptions, keeping the country firmly on track in its continuous push to secure the number three spot in global…”

“Gasoline prices have also soared, although not as much as diesel, which is facing a global shortage due to shipping and refining disruptions stemming from the Iran and Russia-Ukraine wars.”

““Higher diesel prices have arrived at the worst possible time, because harvest is one of the most fuel-intensive periods of the year,” said Bruce Burrows, executive director at Grain Growers of Canada.”

“Intensified Ukrainian attacks on Novorossiysk, Russia's largest commercial Black Sea port, have caused significant disruptions to oil and grain shipments in recent weeks.”