Amid the conflict in the Middle East, recent weeks have seen Hezbollah in Lebanon and Houthis in Yemen — both proxies of Iran —launch missiles, rockets and drones against Israel, and Iranian-backed militias fire on U.S. troops stationed in Iraq and Syria. In response, the U.S. has c...
“While I won’t speculate on how our involvement with the Houthis will culminate, I can tell you that I’m laser-focused on readiness, sustainment and lethality,” he said. “We’re ready for this fight, no matter how long it lasts.”...
“It is the Houthis who have been endangering the freedom of navigation in one of the world’s most vital waterways.” HOW IS THE WORLD RESPONDING? The U.S. is leading a security initiative to protect ships in the Red Sea that includes United Kingdom, Bahrain, Canada, France, Italy, ...
How do I know this? As a feeder operator in a past life, I spent many hours pleading with ports to allow my ship onto a berth and be allocated a crane, in order to make export connections and/or load urgently awaited import boxes, despite the fact that often the export connections wer...
Currently, scenario three—multipolar rivalry—has the greatest momentum behind it. But that could change at any point. Amid the war in Gaza, for instance, Iran-backed Houthis have attacked ships in the Red Sea, a vital choke point of global commerce. And with the decades-long shadow confli...
Continued attacks on Red Sea shipping byHouthi rebelsduring this time cause major concerns for international trade. On 11 January 2024, the US and UKlaunch dozens of airstrikes across Yemenin retaliation. The Houthis say five of their fighters have been killed ...
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“The Houthis will bear the responsibility of the consequences should they continue to threaten lives, the global economy and free flow of commerce in the region’s critical waterways,” governments, including the US, the UK, Australia, Bahrain, Belgium, Canada, Denmark, Germany, Italy, Japan...
So the Biden administration was eager to end oil sanctions, plead with Iran to reenter the Iran Deal, remove the Houthis from terrorist designations, route billions of dollars to Tehran for hostages, junk the Abrams accords, and restore millions of dollars in please-be-nice bribe money to th...
I think the most recent thing that comes to mind is when the Houthis attacked the Saudis' facilities in the Eastern part of the country, you had a couple of days of materially higher oil prices. Production was brought back to market relatively quickly. I think, today, given we have thre...