Economy News Houthi Attacks In Red Sea Pose Another Threat To Global Economy

Houthis Attack Dutch Ship in the Red Sea

The Houthis are claiming an attack on a Dutch cargo ship that resulted in a fire and left two crew members injured. The Yemen-based group used a cruise missile to attack M/V Minervagracht, a ship ... Read More

Sanctions and Houthi Threat Boost Fuel Oil Demand

Fuel oil demand has jumped to its highest level since 2019, driven by Red Sea disruptions, shadow fleet expansion, and rising use in power generation. Read More

Houthi attacks and Red Sea shipping crisis

The Red Sea is a 1200-mile narrow strip of water located between northeastern Africa and the Arabian Sea which separates the coast of Suez-Egypt, Sudan and Eritrea from Saudi Arabia and Yemen, ... Read More

Undersea cables cut in Red Sea, interrupting internet in the region, as concerns of Houthi attacks grow

DUBAI, United Arab Emirates — Undersea cable cuts in the Red Sea disrupted internet access in parts of Asia and the Middle East, experts said Sunday, though it wasn’t immediately clear what caused the ... Read More

Israel strikes key Houthi targets in Yemen after drone strike on airport

Israel's latest airstrikes on Wednesday struck a number of key Houthi military targets in Yemen, in response to the Iran-backed group's drone attack on an Israeli airport earlier this week. The Israel ... Read More

A Houthi drone strikes an Israeli airport in a rare hit as Israel steps up Gaza City attacks

TEL AVIV, Israel (AP) — A drone fired by Yemen's Houthi rebels breached Israel's multilayered air defenses on Sunday and slammed into the country's southern airport, the Israeli military said, blowing ... Read More