Updated Jan. 10, 2024 9:04 am ET Western importers are reporting a steep rise in ocean-shipping rates and weekslong delays as carriers divert ships from the Red Sea to avoid Houthi rebel attacks. Some companies shipping goods on the crucial trade lane are starting to chafe at the rising prices and extra fees that ocean … Read more
Updated Jan. 3, 2024 5:30 pm ET WASHINGTON—The U.S., Britain and key allies issued what officials described as a final warning to the Houthi Yemeni rebel group Wednesday to cease its attacks on international shipping in the Red Sea or bear the consequences. “Ongoing Houthi attacks in the Red Sea are illegal, unacceptable, and profoundly … Read more
Iran’s dispatch of a warship to the Red Sea is its most audacious move yet to challenge US forces in the key trade route, emboldening Houthi militants whose missiles have disrupted shipping over the past two months. Tehran is unlikely to want direct confrontation — its old frigate being no match for the US-led maritime … Read more
Iran dispatched a warship to the Red Sea after the US Navy destroyed three Houthi boats, a move that risks ratcheting up tensions and complicates Washington’s goal of securing a waterway that’s vital to global trade. The Alborz destroyer traversed the Bab El-Mandeb strait, a narrow choke point between the Red Sea and the Gulf … Read more
Updated Dec. 26, 2023 10:15 am ET Iran has tripled production of nearly weapons-grade uranium in a move likely to deepen its confrontation with the West as Tehran helps allied militias to attack Israel and U.S. forces in the region. Iran’s decision to triple its production rate of near-weapons-grade uranium marks the collapse of quiet … Read more
A chemical tanker in the Indian Ocean was struck by a drone launched directly from Iran early Saturday, the Pentagon said, signaling a widening risk to shipping after Yemeni rebels started attacking vessels in the Red Sea. “The motor vessel Chem Pluto, a Liberia-flagged, Japanese-owned, and Netherlands-operated chemical tanker was struck at approximately 10 a.m. … Read more
The Federal Reserve received some holiday cheer as inflation continued to soften while consumer demand firmed, and the Bank of Japan stuck with the world’s last negative interest rate. Meantime, maritime attacks carried out by Houthi rebels in Yemen have disrupted shipping in the Red Sea, prompting a rerouting of cargoes that’s raised costs. Source … Read more
Updated Dec. 22, 2023 4:08 pm ET Iran’s paramilitary forces are providing real-time intelligence and weaponry, including drones and missiles, to Yemen’s Houthis that the rebels are using to target ships passing through the Red Sea, Western and regional security officials said. Tracking information gathered by a Red Sea surveillance vessel controlled by Iran’s paramilitary … Read more
Australia has rejected a US request for a warship to help protect international shipping lanes in the Red Sea, with Defense Minister Richard Marles saying the nation’s strategic focus had to remain on the Indo-Pacific. Marles, who is also deputy prime minister, told Sky News on Thursday that Australia wouldn’t be sending a “ship or … Read more
Video Duration 02 minutes 24 seconds 02:24 NewsFeed “Our military operations will not stop.“ Yemen’s Houthis say they will not cease attacks on ships in the Red Sea, despite the US announcing a new maritime protection force to counter them. The suspension of shipping operations in the region is having a major impact on global … Read more