The Houthis have carried out a growing number of attacks on Red Sea shipping since the Gaza war erupted. Sanaa: The leader of Yemen’s Iran-backed Houthi rebels threatened on Thursday the United States and Britain with even larger attacks in the Red Sea after their navies intercepted a major one.Read More →
Suez Canal revenues are especially vital for Egypt amid the economic crisis. (File) Cairo: Attacks by Yemen’s Huthi rebels in the Red Sea have caused shipping companies to avoid the Suez Canal — a key source of revenue for Egypt as it battles a deep economic crisis. International Monetary FundRead More →
View Full Image (The Economist) And yet, across commodity markets, calm somehow prevails. After a couple of years of double-digit rises, the Bloomberg Commodity index, a benchmark that covers raw-material prices, fell by more than 10% in 2023 (see chart). Oil prices, at a little under $80 a barrel, areRead More →
Iran denies involvement in attacks by the Houthis in the Red Sea. Washington: Iran was “deeply involved” in planning operations against commercial vessels in the Red Sea and its intelligence was critical to enable Yemen’s Houthi movement to target ships, the White House said on Friday. Iran-backed Houthis, who sayRead More →
Houthis’ slogan is “Death to America, Death to Israel, curse the Jews and victory to Islam” The Iran-aligned Houthis of Yemen are playing an escalating role in the conflict in the Middle East, attacking shipping in the Red Sea and firing drones and missiles at Israel in a campaign theyRead More →
India has voiced deep concern over the safety of seven Indian nationals on a Houthi-seized United Arab Emirates-flagged cargo vessel, calling for the immediate release of the crew and the ship. The vessel named Rwabee was seized by Yemen’s Houthi rebels off the port of Hodeidah on January 2. “WeRead More →
