Gaza, Red Sea
Crude Oil Prices · 22h
Red Sea Risks Remain High Despite Gaza Truce and Houthi Ceasefire
Despite a ceasefire in Gaza and assurances from Yemen's Houthi rebels to scale back attacks on international vessels in the Red Sea, major shipping companies remain hesitant to resume using the Suez Canal due to ongoing security concerns.
The Conversation · 25m
Red Sea crisis: supply chain issues set to continue despite Gaza ceasefire
Supply chains have had to deal with higher shipping costs, product delivery delays, and increased carbon emissions as a result of this diversion. The Gaza ceasefire gave some hope that the disruption would finally end. But shipping lines will not hurry back to the region until long-term security is guaranteed.
CNN · 7d
Yemen’s Houthis free crew of Red Sea cargo ship after 14 months in captivity
Yemen’s Iran-backed Houthi movement has released the crew of a cargo ship more than a year after its fighters hijacked the vessel in the Red Sea, as part of its campaign of attacks in support of Hamas in its war against Israel.
U.S. News & World Report · 2d
Crew Abandon HK-Flagged Container Ship in Red Sea After Fire, Sources Say
The crew of the Hong Kong-flagged ASL Bauhinia have abandoned the container ship in the Red Sea after it caught fire on Tuesday, two maritime sources said, adding the cause of the incident was not immediately clear.
Bloomberg L.P. · 2d
US, UK Ships Return to Red Sea After Houthis Vow to Hold Fire
British and American ships are tentatively returning to the Red Sea after Yemen’s Houthi rebels vowed to hold off attacks on vessels linked to both nations, a sign that traffic on one of the world’s main trade routes could normalize after more than a year of disruption.
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