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The Latest Breaking News from Red Sea

Global Maritime Trade Sails Into Geopolitical Storm

International maritime trade has hit stormy waters as attacks by Yemen's Huthi rebels on ships in the Red Sea has reduced the availability of ships, causing freight rates to surge.

International Business Times

Shipping giant Maersk to avoid Red Sea routes for ‘foreseeable future’

Due to ‘volatile’ situation amid Houthi attacks, ships will go around Africa, increasing journey times and costs.

Al Jazeera

Maersk Says To Avoid Red Sea For Foreseeable Future

Shipping giant Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea and Suez Canal for the "foreseeable future" after Yemeni rebels attacked its merchant ships.

International Business Times

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Israel-Hamas Conflict: Iraq Moves To 'Permanently' End US-Led Mission; Islamic State Claims Iran Attacks

On Day 91 of the Israel-Hamas war, there is growing concern over a potential regional spillover following three days of escalated tensions due to explosions in Iran, the assassination of a Hamas senior leader in Beirut, Houthi disruptions in the Red Sea and the killing of a pro-Iranian Iraqi militia's…

International Business Times

Next warns of stock shortages if Red Sea shipping problems continue

Next boss warns extra two and a half weeks must be added to stock delivery times for products coming through Suez Canal

The Independent UK

Shipping giant Maersk's stock buoyed by halt of Red Sea journeys following Houthi rebel attacks

Global shipping leaders and oil giant BP have decided to hit pause on Red Sea transit until it becomes safer—but costs could increase as a result.

Fortune

Lord Cameron warns Iran-backed Houthi rebels Britain will 'act' to stop Red Sea missile attacks on ships

America, the UK and other allies have sent what amounts to a final warning to Iran-backed Houthi rebels to end their attacks on vessels in the Red Sea or face potential targeted military action

Evening Standard

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French shipping company denies attack by Yemeni Houthis in Red Sea

The French shipping company CMA CGM said one of its container ships in the Red Sea was unharmed after Yemen’s Houthis claimed on Wednesday to have targeted it, as part of its ongoing attack of commercial shipping vessels it considers to be doing business with Israel.

Radio France Internationale

US calls for urgent UN action on attacks by Yemen's Houthi rebels on ships in the Red Sea

The United States is calling on the U.N. Security Council to take urgent action against Yemen’s Houthi rebels for attacking ships in the key Red Sea trade route, and is warning their longtime financier and weapons supplier Iran that it has a choice

The Independent UK

Fear and Chaos Grip Middle East as Conflict Escalates Rapidly

From Iran to Lebanon to the Red Sea and Gaza, chaos unfolds. Death toll rises, tensions escalate. Discover the intertwining paths of conflict in the Middle...

Top News

Australia, US, UK issue warning over Red Sea attacks

In a multi-national statement, Australia has condemned Yemeni rebels' attacks on ships in the Red Sea as violence in Gaza stretches toward its fourth month.

AAP

US-led coalition warns Houthis of ‘consequences’ after Red Sea attacks

The Houthis have argued that their attacks on ships linked to Israel are an act of solidarity with Gaza.

Al Jazeera

What is the Red Sea crisis, and what does it mean for global trade?

Attacks by Houthi rebels along the trade route have led to firms pausing shipments, raising the possibility of a shock to the world economy

The Guardian - UK

Global Oil Prices Trend Down In Early 2024 As US Production Booms, OPEC Flounders

US oil output continues to reach new heights; Houthi attacks in the Red Sea persist; OPEC's eighth-largest producer is leaving the cartel.

International Business Times

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Top News

Red Sea attacks escalate, disrupt global trade and raise inflation fears

Yemen's Houthi rebels continue attacks on merchant ships in the Red Sea, raising concerns of disruption to global trade and potential economic repercussions.

The Guardian - UK

UK grocery price inflation slows to 6.7% as retailers enjoy busiest Christmas since 2019, data shows – as it happened

Food inflation lowest since April 2022 but many consumers still feeling the pinch, says data firm Kantar

Top News

Iranian Ship Threatens Shipping in Red Sea, Companies Pulling Back

Discover the impact of Iranian vessels in the Red Sea and how it affects shipping companies and prices. Explore the need for action and the complexities su...

Top News

Israeli Strikes on Hamas Leadership Fuel Escalation and Regional Tensions

Tensions rise as Iran deploys a vessel in the Red Sea while Israel targets Hamas leaders in Lebanon. Will this spark a wider and more intense war in the Mi...

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Top News

Iranian vessel deployed in Red Sea, raising tensions and hindering maneuvering

Dive into the intriguing deployment of an Iranian naval vessel in the Red Sea and its implications on the region's tensions in this captivating analysis by...

Radio France Internationale

Somalia recalls envoy in anger over Ethiopia-Somaliland port deal

Somalia has recalled its ambassador to Ethiopia and vowed to defend its territory after the breakaway region of Somaliland struck a controversial deal allowing Ethiopia access to the Red Sea.

Top News

Iranian Provocation in Red Sea Threatens Global Trade, Security Forces Deployed

Discover the latest escalation in the Red Sea as Iran continues to provoke with attacks on commercial vessels. Will retaliation ensue? Stay alert!

The Guardian - UK

Oil prices rise after Iran rejects calls to end support for Houthi Red Sea attacks

Brent crude is up 2% to $78.77 a barrel as hopes of strong demand in China also push up prices

The Guardian - UK

Israel-Gaza war: will the Red Sea crisis lead to a wider Middle East conflict?

Escalating Houthi attacks on cargo ships in the Red Sea are stoking fears that the Gaza conflict could engulf the Middle East

The Guardian - UK

Tuesday briefing: Will the Red Sea crisis lead to a wider Middle East conflict?

In today’s newsletter: After events during the last few days, a conflict including Iran and the US is becoming ever more likely

The Guardian - UK

Ethiopia and Somaliland reach agreement over access to ports

Naval and commercial access to Somaliland’s coast granted in exchange for recognising republic’s independence

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