![A satellite view of the southern Red Sea near Hodeida, Yemen. Getty Images](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/PUQTM77JVNDN7FA4DQXLWMER6I.jpg?smart=true&auth=452aa37d47233a2437f8ccb875b37133a619494ab58bd37f3eae0a4d3bee1b5d&width=400&height=225)
A satellite view of the southern Red Sea near Hodeida, Yemen. Getty Images
A satellite view of the southern Red Sea near Hodeida, Yemen. Getty Images
Middle East conflicts do not have severe effects on region's trade activity, WTO says
Global trade volumes fell 1.2% in 2023 but are expected to bounce back to a 2.6% growth this year