Saudi Arabia has formed a maritime defense alliance aimed at protecting shipping in the Red Sea, according to a report cited by ChainCatcher and attributed to Jin10. The brief said 13 other countries are also participating in the coalition. No further details on the member states, structure of the alliance, or timeline were disclosed in the source item. ChainCatcher carried the update as a 7x24 market news brief.
Saudi Arabia has formed a maritime defense alliance designed to protect shipping in the Red Sea, according to Jin10, as cited by ChainCatcher.
The news brief said 13 other countries are taking part in the alliance.
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