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The Latest Breaking News from Red Sea

First Thing: Houthi missile fired at US warship shot down as Red Sea tensions rise

US Central Command says missile from Houthi-controlled area of Yemen was launched towards USS Laboon before being shot down by fighter jets. Plus, is booing at the theatre actually a good thing?

The Guardian - UK

Red Sea, Panama Canal Send Container Freight Costs Soaring – What It Means For Global Economy And Wall Street

The Panama Canal drought causes severe shipping delays from Asia to the U.S. East Coast, particularly for heavy goods. Carriers are rerouting from trans-Pacific to trans-Atlantic via the Suez Canal, with alternate routes increasing transit times by 20-30%.

International Business Times

UN chief Guterres calls for 'immediate humanitarian ceasefire' in Gaza

UN Secretary-General Antonio Guterres called Monday for an “immediate humanitarian ceasefire” in Gaza as the war between Israel and Hamas surpassed 100 days. Guterres was speaking hours after three UN agencies urged Israel to allow access to the port of Ashdod, north of Gaza, to increase the flow of humanitarian…

France 24

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UK aircraft carrier ‘at readiness’ to head to Red Sea conflict zone, says minister

The warship is capable of carrying dozen of jets as well as Royal Marines and aircrew

Evening Standard

Houthi missile targeting US warship intercepted, says US, amid Red Sea tensions

US Central Command says missile from Houthi-controlled area of Yemen was launched towards USS Laboon before being shot down by fighter jets

The Guardian - UK

Defence Minister: Aircraft carriers could go to the Red Sea to support action against Houthi rebels in Yemen

The minister said the airstrikes were targeted and proportionate

Evening Standard

Red Sea threat lays bare economic risks ahead of US and UK elections

Panic is confined to media headlines for now but Britain is as addicted as ever to Asian imports

The Guardian - UK

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Whoever rules the waves rules the world... The Red Sea crisis will show us if that’s true

The case for action was strong. But previous interventions have stark warnings for the US and Britain

The Guardian - UK

David Cameron says Britain ready to strike again if Houthis continue Red Sea attacks

The foreign secretary argued the rebel group’s claim they were supporting Gaza is ‘nonsense’

The Independent UK

Red Sea crisis could shatter hopes of global economic recovery

World Bank warns of surging energy prices, slower growth and higher inflation as threat rises of disruption to world trade

The Guardian - UK

UK and US airstrikes will not stop Red Sea attacks, Houthis warn as they vow retaliation

The Houthi rebels said the airstrikes will not stop its attacks on Red Sea shipping

Evening Standard

Keir Starmer backs Yemen bombing and issues stern warning to ‘terror sponsors’ Iran

Exclusive: In an article for The Independent, the Labour leader doubles down on support for UK and US action and demands Iran-backed rebels stop Red Sea attacks, as a new missile strike turns up the heat in the Middle East

The Independent UK

New US Strike Against Yemen Rebels Over Red Sea Threat

The United States carried out a fresh strike Saturday on a Huthi rebel target in Yemen, the US military said, after the Iran-backed militants warned of further attacks on ships in the Red Sea.

International Business Times

Ruptured supply chains, rising oil prices, and resurgent inflation. The Red Sea crisis is rekindling memories of the Ukraine War—but this time could be different

When it comes to longer term economic impacts of the Red Sea crisis: The "most honest answer" experts can give is "I have no idea” at this point, Unlimited's Bob Elliott told Fortune.

Fortune

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The Conversation

Red Sea crisis: expert unpacks Houthi attacks and other security threats

Recent attacks on commercial vessels by Houthi militia in the Red Sea have put the vital shipping region in the spotlight. The Yemen-based rebels claim to be targeting Israeli-linked vessels, in protest at Israel’s war against Hamas in Gaza. The UN Security Council recently passed a resolution demanding an immediate…

Al Jazeera

Have the Houthi Red Sea attacks hurt Israel’s economy?

Most of Israel’s trade is through the Mediterranean. But longer-term risks to Israel’s economy are growing, say analysts

The Hindu

Jaishankar to visit Iran in the backdrop of U.S.-U.K. attack on Yemen

Indian External Affairs Minister S Jaishankar to visit Iran for talks on bilateral issues, Red Sea security, and Chabahar Port.

International Business Times

UN Chief Warns Against Escalation After US-UK Strikes On Huthis

United Nations Secretary-General Antonio Guterres called on all sides "not to escalate" the volatile situation in the Red Sea, his spokesman said on Friday after Washington and London launched strikes on Yemen's Huthi rebels.

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Top News

US and UK target Houthi sites to safeguard vital shipping route

The Pentagon carries out over 60 strikes on Houthi targets in Yemen to deter further attacks on vessels in the Red Sea, a crucial shipping route. President...

International Business Times

Will Yemen Air Strikes Stop The Red Sea Attacks?

US and British strikes on rebel-held Yemen on Friday marked a sharp escalation after weeks of attacks on Red Sea shipping by the Iran-backed Huthi insurgents.

The Guardian - UK

The Guardian view on strikes on the Houthis: action to contain this crisis might fuel it

Editorial: The attacks on ships in the Red Sea are only one manifestation of a regional conflict which won’t easily be ended

Radio France Internationale

France blames Houthis for escalation of war, defends Red Sea operations

France has blamed Iran-backed Houthis for an escalation in the Middle East after US and British strikes targeted them in Yemen on Friday. The French navy, meanwhile, has defended its use of expensive missiles to down Houthi drones used to attack shipping lanes in the Red Sea.

InsideEVs

Naval Attacks In Red Sea Force Tesla To Pause Berlin Gigafactory For Two Weeks

The conflicts in the Red Sea and attacks on transport vessels are starting to take effect on the European economy, which sources components from Asia.

StockNews.com

Predicting the 2024 Energy Stock Gainers: XOM vs. VLO

To capitalize on the potential significant rise in oil prices due to geopolitical tensions this year, which of the two energy stocks, Exxon Mobil Corporation (XOM) and Valero Energy Corporation (VLO), could provide better returns this year? Read more to find out.

France 24

Oil prices rise on fears of wider regional conflict after strikes on Houthi targets

Oil prices jumped over 2 percent after the US and UK carried out strikes on Houthi-controlled areas in Yemen, amid fears of an escalation of the conflict in the Middle East. Major shipping companies stopped travelling through the Suez Canal and Red Sea routes in early December after a spate…

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