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Shipping risk remains level despite drone strike and hijack

Whatever the true nature of the brief Asphalt Princess seizure, it was a sideshow to the more significant and fatal drone strike against the Zodiac-controlled Mercer Street on July 29. The response to that attack will ultimately set the risk levels for shipping in the Middle East Gulf

Middle East tensions are flaring following an abortive hijack and a fatal drone strike against a tanker in the world’s most important energy chokepoint, but shipping’s risk assessment remains unchanged and recent events must be read with distinct context in mind

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