WRAPUP 1-Business heads see Red Sea tensions causing lengthy trade dislocation

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Jun 17, 2007
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Business chiefs warned on Wednesday that disruption to shipping in the Red Sea caused by attacks by Houthi militants in Yemen could affect supply chains for months and lead to a shortage of tankers needed to transport fuel. Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers -- an escalation of Israel's more than three-month-old war with Palestinian Hamas militants in Gaza.
 
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