Summary
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Despite a cautious carrier return to Suez — Maersk and Hapag-Lloyd's AE19 became the first Gemini service structurally back to the canal around September 8, with MSC trialing five voyages — the underlying Red Sea crisis is unresolved. The UN has warned the risk of renewed large-scale conflict in Yemen is rising, and a fresh US–Iran escalation saw US strikes on Iran's Larak Island and Iranian missiles fired at a US base. Carriers retain the right to revert to the Cape of Good Hope at any time, keeping effective capacity uncertain.