I think that the situation in Gaza may be resolved in the next month or so. If that happens, the Houthi’s will probably stop their attacks in a similar timeframe. Once those events happen, I believe a few other types of shipments will begin going through before oil. So, I believe it is more likely than the current consensus, but not better than even odds.
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Will BP or Shell resume oil shipments through the Red Sea before 31 March 2024?
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Yes
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No
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