The Red Sea littoral, which has been experiencing competitions involving regional and extra-regional powers for at least two decades, has recently witnessed a heightened threat to the fragile regional security scenario in the shape of sustained attacks on Red Sea shipping b...
The longer route around the Cape of Good Hope to avoid attacks by Yemen's Houthis has pushed up shipping costs, as about 12% of world total shipping traffic historically sailed through the Red Sea and Egypt's Suez Canal. About 8.7 MMbpd of crude and refined p...
The shipping attacks have prompted the United States and its allies to discuss a task force that would protect Red Sea routes, a move that US and Israeli arch-foe Tehran has warned would be a mistake. US Defense Secretary Lloyd Austin on...
The port mainly handles bulk cargoes, potash and car imports as well as some containers is considerably smaller than the country’s Mediterranean ports of Ashdod and Haifa, but the effects of the Houthi attacks have clearly affected the Israeli trade. On a broader scale the Houthi actions have ...
Australian mining giant BHP Group BHP.AX is diverting almost all of its shipments from Asia to Europe away from the Red Sea, the Wall Street Journal reported on Thursday. BHP was not immediately available for comment. Strikes on shipping in the Red Sea by the Iran-aligned Houthis who contro...
China is concerned about the repeated attacks and seizure of merchant ships in the Red Sea over a period of time, said Geng Shuang, China's deputy permanent representative to the UN. Geng spoke at a Security Council open meeting about Houthi rebel attacks in the Red Sea, amid a growing th...
He said the rebels’ attacks would only stop when the “siege on the Palestinian people in the Gaza is lifted.” The United Nations called on the Houthis “to cease all attacks against international shipping in the Red Sea,” U.N. spokesman Stephane Dujarric said, expressing serious...
The seized missile components included types likely to have been used in the Red Sea shipping attacks. The attacks, US-led retaliatory strikes and the raid all have raised tensions across the wider Middle East.
Recent attacks on vessels in the Red Sea have led major shipping companies to halt shipments through the waterway which is a key route for oil, refined products, and other consumer goods. That’s raised the risk of disruptions to the transport of the world’s crude oil, and led to a ...
Shipping container rates are spiking, as tariffs increase after six weeks of attacks on commercial ships in the Red Sea.