The 2023 launch of the India-Middle East-Europe Economic Corridor (IMEC).
The engine reads it as a multi-country trade route built to compete with China's global infrastructure network.
Backed by India, the US, the EU, the UAE and Saudi Arabia, it's a modular, standards-based, multi-transport corridor meant to be an economic tool for Arab-Israeli normalization and Indian Ocean stability.
It matters because it's a major economic counterweight to China's Belt and Road, tying several powers together.