Market
How will trade routes through the Red Sea be impacted by US recognition of Somaliland by mid-2025?
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Resolution / Starting Odds
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Trade reports from international shipping organizations or news outlets
Story
Trump to Recognize Somaliland in January, Aiming to Secure Trade Routes
Dec 10, 2024, 08:02 PM
President Donald Trump is reportedly set to recognize Somaliland as the world's newest country upon his return to the White House in January, according to reports from influential US news outlet Semafor. Somaliland, a self-governing region within Somalia, has been seeking international recognition for years. The move is anticipated to enable US intelligence to establish long-term operations in the region, monitoring weapon movements and keeping an eye on Chinese activities. This decision could trigger significant regional backlash, but it is also seen as a strategic move to secure trade routes through the Red Sea in collaboration with regional allies like Israel, Saudi Arabia, and the UAE.
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