Stocks dropped after solid economic readings and a rally in commodities spurred speculation that major central banks will keep interest rates higher for longer. In a revival of the “good news is bad news” trade, better-than-estimated data on US job openingsBloomberg Terminal and factory goods ordersBloomberg Terminal added to skepticism about the pace of Federal … Read more
Sign up for our Middle East newsletter and follow us @middleeast for news on the region. The Yemen-based Houthis have told China and Russia their ships can sail through the Red Sea and Gulf of Aden without being attacked, according to several people with knowledge of the militant group’s discussions. Source link
Ukraine’s fight against Russia’s invasion has entered a new phase, pitting homegrown drone technology against a 2,000 kilometer (1,200 mile) swathe of largely Soviet-era oil facilities. At least nine major refineries have been successfully attacked this year, currently taking offline 11% of the country’s total capacity by some estimates. As the conflict at the front … Read more
Fire erupted at Rosneft PJSC’s largest oil refinery after a drone strike, as Ukraine unleashed fresh attacks on Russia that President Vladimir Putin claimed were part of attempts to disrupt this week’s presidential election. “The Ryazan refinery was hit by a drone. The impact started a fire,” Ryazan regional Governor Pavel Malkov said Wednesday on … Read more
Venezuela set new conditions for elections this year, flouting a US-brokered agreement and potentially triggering tougher sanctions by Washington. The changes could bring forward the date of vote and weaken guarantees of international monitoring, according to the definitive document with the proposals. President Nicolás Maduro’s government signed the new deal during a meeting with allies … Read more
US Navy ships fired on a Houthi anti-ship missile in Yemen hours after a tanker operated on behalf of trading giant Trafigura Group carrying a cargo of Russian fuel was hit in the most significant attack yet by the rebel group on an oil-carrying vessel. The US Central Command said the Houthi missile was prepared … Read more
A fuel tanker operated on behalf of trading giant Trafigura Group. was struck by a missile as it transited the Red Sea, in the most significant attack yet by Yemen’s Houthi rebels on an oil-carrying vessel. “Firefighting equipment on board is being deployed to suppress and control the fire caused in one cargo tank on … Read more
‘Tis the season of wavering New Year’s resolutions. And 2024 might be an especially hard time to keep to a new diet because there are so many contradictory claims — and so little left on the menu that isn’t being vilified by someone with initials after their name. Mainstream experts are still warning us against … Read more
The US and UK’s decision to hit back at Houthi militants after weeks of attacks on merchant shipping in the Red Sea has only escalated the chaos across the shipping industry, underscoring the threat of an enduring supply-chain crisis as vessels navigate the crucial trade route. On Wednesday, a third commodity carrier in three days … Read more
Huge numbers of merchant ships have continued to navigate the southern Red Sea since warnings by western navies to stay away from the crucial trade route to avoid attack by Houthi militants. On Friday, the Combined Maritime Forces — encompassing both UK and US navies — advised merchant ships to stay away from the danger … Read more