The oil market appears to be bracing for a weeks-long disruption to shipping in the southern Red Sea, where Houthi militants have for months been attacking merchant vessels in response to Israel’s war in Gaza. Charters of tankers to haul crude and fuels – which for some vessels are arranged up to a month in … Read more
A severe drought that began last year has forced authorities to slash ship crossings by 36 per cent in the Panama Canal, one of the world’s most important trade routes. The new cuts announced on Wednesday by authorities in Panama are set to deal an even greater economic blow than previously expected. Panama Canal Administrator … Read more
U.S. forces on Thursday conducted a fifth strike against Iranian-backed Houthi rebel military sites in Yemen as President Joe Biden acknowledged that the American and British bombardment had yet to stop the militants’ attacks on vessels in the Red Sea that have disrupted global shipping. The latest strikes destroyed two Houthi anti-ship missiles that “were … Read more
The U.S. military fired another wave of ship- and submarine-launch missile strikes against Houthi-controlled sites Wednesday, U.S. officials said, marking the fourth time in days it has directly targeted the group in Yemen as violence that ignited in the wake of the Israel-Hamas war continues to spill over in the Middle East. The strikes followed … Read more
By Ellen Knickmeyer, Matthew Lee and Aamer Madhani | Associated Press WASHINGTON — The United States on Wednesday put Yemen’s Houthis rebels back on its list of specially designated global terrorists, piling financial sanctions on top of American military strikes in the Biden administration’s latest attempt to stop the militants’ attacks on global shipping. Officials … Read more
Two U.S Navy soldiers have been reported missing off the coast of Somalia, the U.S. Central Command (CENTCOM) said Friday in a statement. “On the evening of January 11, two U.S. Navy Sailors were reported missing at sea while conducting operations off the coast of Somalia,” CENTCOM wrote. “Search and rescue operations are currently ongoing … Read more
DOHA/WASHINGTON: Qatar’s state energy company, one of the world’s biggest liquefied natural gas exporters, has paused sending tankers through the Red Sea after U.S.-led strikes against Houthi militants in Yemen targeting the crucial trade route. Attacks on ships by the Houthis, who say they are acting in solidarity with Palestinians, have disrupted global commerce and … Read more
Descrease article font size Increase article font size At least four oil tankers have diverted course from the Red Sea since overnight strikes by the U.S. and Britain on Houthi targets in Yemen, shipping data from LSEG and Kpler showed. The attacks were carried out from the air and sea in response to the Iranian-backed … Read more
The U.S. military early Saturday struck another Houthi-controlled site in Yemen that it had determined was putting commercial vessels in the Red Sea at risk, a day after the U.S. and Britain launched multiple airstrikes targeting Houthi rebels. Associated Press journalists in Sanaa, Yemen’s capital, heard one loud explosion. U.S. Central Command said the “follow-on action” … Read more
By Oren Liebermann | CNN The US carried out further strikes against Houthi targets in Yemen, according to a US official, one day after launching a coordinated multi-nation attack on nearly 30 Houthi locations. The additional strikes carried out Friday night were much smaller in scope and targeted a radar facility used by the Houthis, the … Read more
