Oil markets brace for shipping disruption in southern Red Sea

Oil markets brace for shipping disruption in southern Red Sea

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 says U.S.-U.K. attack on Houthis will fuel instability in region

Iran says U.S.-U.K. attack on Houthis will fuel instability in region

A man holds up a Palestinian flag during a demonstration in which worshippers show their support of Palestinians and condemning the U.S. and British militaries strike against Iranian-backed Houthis in Yemen, after Friday prayer in Tehran, Iran, on January 12, 2024. | Photo Credit: AP Iran on Friday condemned the U.S.-British attack on Houthis in … Read more

Houthi attacks in Red Sea: Attacks in the Red Sea by the Houthis may hit India’s oil trade | Data

Houthi attacks in Red Sea: Attacks in the Red Sea by the Houthis may hit India’s oil trade | Data

The crude oil tanker RN Polaris and a bulk carrier sail in Nakhodka Bay near the port city of Nakhodka, Russia, | Photo Credit: Reuters Yemen’s Iran-backed Houthis have been targeting vessels in the Red Sea since November to show their support for the Palestinian Islamist group Hamas in its war against Israel. This has … Read more

Huthi rebels fire on commercial ships in Red Sea: US military

Huthi rebels fire on commercial ships in Red Sea: US military

Yemen’s Iran-backed Huthi rebels fired two missiles late Tuesday toward merchant ships travelling in the Red Sea near the strategic Bab el-Mandeb Strait, the US military said following a report by the British maritime security agency UKMTO. United Kingdom Maritime Trade Operations had initially reported explosions near a cargo ship sailing between the coasts of … Read more

Ethiopia, breakaway Somaliland sign port deal; Somalia's cabinet calls emergency meet

Ethiopia, breakaway Somaliland sign port deal; Somalia's cabinet calls emergency meet

Somaliland President Muse Bihi Abdi and Ethiopia’s Prime Minister Abiy Ahmed attend the signing of the Memorandum of Understanding agreement, that allows Ethiopia to use a Somaliland port, in Addis Ababa, Ethiopia, January 1, 2024. | Photo Credit: Reuters Somalia’s cabinet will hold an emergency meeting on Tuesday to discuss a pact Ethiopia signed with … Read more

U.S. says it downs many drones, missiles fired by Huthis over Red Sea

U.S. says it downs many drones, missiles fired by Huthis over Red Sea

U.S. military forces shot down more than a dozen attack drones and several missiles fired by Yemen-based Huthi rebels at shipping in the Red Sea, the Pentagon said on Tuesday. “There was no damage to ships in the area or reported injuries,” the Pentagon’s Central Command said in a social media post, describing a barrage … Read more

Explosions reported in Red Sea shipping lane off Yemen coast

Explosions reported in Red Sea shipping lane off Yemen coast

DUBAI: Explosions in the Red Sea off the coast of Yemen were reported on Tuesday after sightings of unmanned aircraft and missiles in two separate incidents, a British maritime authority said. Two unmanned aircraft were observed before two explosions occurred 5 nautical miles from a vessel located 50 nautical miles west of Hodeidah on Yemen’s … Read more

Maersk tells its container ships to pause Red Sea voyages

Maersk tells its container ships to pause Red Sea voyages

Container shipping giant A.P. Moller-Maersk A/S instructed any ships heading for the southern entrance of the Red Sea to halt their voyages following an attack on one of its vessels and spiraling risks to the merchant fleet in the area posed by Houthi militants. “Following the near-miss incident involving Maersk Gibraltar yesterday and yet another … Read more

Ships face Houthi-claimed attack in Red Sea as officials say a U.S. warship also fires in self-defense

Ships face Houthi-claimed attack in Red Sea as officials say a U.S. warship also fires in self-defense

Commercial ships came under attack Sunday by drones and missiles in the Red Sea and a U.S. warship there opened fire in self-defence as part of an hourslong assault claimed by Yemen’s Houthi rebels, officials said. The attack potentially marked a major escalation in a series of maritime attacks in the Mideast linked to the … Read more