This frame grab from video released by the Ansar Allah Media Office of Yemen’s Houthi rebels on Wednesday, June 5, 2024, shows the launch of a Palestine missile from a rebel-controlled area of Yemen. | Photo Credit: AP Yemen’s Houthi rebels have unveiled a new, solid-fuel missile in their arsenal that resembles aspects of one … Read more
The United States targeted Iranian and Houthi commanders and a vessel that shipped more than $100 million in Iranian commodities to businesses in China in sanctions announced on Tuesday. Mohammad Reza Falahzadeh, deputy commander of Iran‘s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), and Ibrahim al-Nashiri, a member of Yemen’s Houthi militia, were designated under the … Read more
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
Iran’s Foreign Minister Hossein Amirabdollahian. File | Photo Credit: Reuters Business chiefs warned on January 17 that disruption to shipping in the Red Sea caused by attacks by Yemen’s Houthi militants could affect supply chains for months and lead to a shortage of tankers needed to transport fuel. Attacks by the Iran-allied Houthi militia on … Read more
The attacks on commercial ships in the Red Sea by Yemen’s Iran-backed Houthi rebels have rerouted most of the trade normally flowing through the crucial maritime artery for consumer goods and energy supplies, a shift that’s delaying shipments and raising transport costs. The impact struck home Friday when electric car maker Tesla said it had … Read more