Trade Fracture Analysis: Algeciras (ESALG) 34.2% Throughput Drop and Mediterranean Security

The 34.2% reduction in shipping volumes at Algeciras (ESALG) suggests a systemic rerouting of maritime trade in the Mediterranean, likely catalyzed by the 'Insurance Wall' in the Strait of Hormuz and broader regional instabilities. This issue aims to correlate this throughput drop with NATO trade vulnerability and the potential for long-term shift in European maritime reliance. Analysis needed on whether this is a temporary bottleneck or a permanent reorientation of trade lanes.