Houthis, Red Sea and Ships Sail
Digest more
Yemen's Houthis and Sudan's civil war have become added risk factors to regional shipping following U.S. strikes on Iran's energy grid.
The Yemen-based Houthis’ decision to impose a naval blockade on Saudi Arabia opens a new front in the U.S.-Iran war and threatens to choke off the Red Sea’s Bab el-Mandeb Strait, with potentially major consequences for the global economy. The Arleigh ...
Oil prices settled above $100 on Thursday for the first time since May after Yemen’s Houthis said they attacked two Saudi oil tankers in the Red Sea, causing further global supply disruptions following a near-halt in trade through the Strait of Hormuz.