Houthis

Indian Diesel Exports Are Diverted From Europe To Asia

Indian Diesel Exports Are Diverted From Europe To Asia

Shipments of Indian diesel to Europe have decreased significantly and now are at the lowest in the last 2 years.  The presence of Houthi pirates in the Red Sea is disrupting international trade and the turmoil has forced ships to take new and longer routes, which drives the freight costs higher.  According to data given…