Red Sea
EU plans ‘purely defensive’ Red Sea mission
The European Union mission to protect commercial vessels from Iran-backed Houthi rebel attacks in the Red Sea will be “purely defensive," and will not...
EU aiming to launch Red Sea naval mission by mid-February
EU member states want to launch a Red Sea naval mission by mid-February to protect ships from attacks by Yemen's Iran-backed Houthi militia and...
Air freight rates rise amid Red Sea crisis and in run-up to Asia’s Lunar New Year
Global air freight rates have climbed for the first time in seven weeks ahead of Asia's lunar new year and as attacks on Red...
Red Sea crisis seeps into German chemicals sector
Germany's chemicals sector, Europe's largest, is starting to feel the pinch from delayed shipments via the Red Sea, becoming the latest industry to warn...
US, UK launch airstrikes on Houthi rebel targets in Yemen
The US and UK launched airstrikes on more than 60 Houthi rebel targets in Yemen, sparking vows of retaliation and a rise in oil...
US, UK shoot down Houthi missiles amid huge Red Sea rebel barrage
British and American Navy forces intervened Tuesday evening in one of the largest missile attacks by Yemen's Houthi rebels targeting Red Sea shipping, according...
US and allies warn Houthis of ‘consequences’ as Red Sea crisis intensifies
Houthi militants will face as-yet-unspecified “consequences” if they continue to “threaten lives” and disrupt trade flows in the Red Sea, the United States and...
European stocks kick off 2024 with gains as oil companies climb
European stocks gained on the first day of trading in 2024, with energy shares advancing as crude oil prices rose amid increased tensions over...
Shipping firms avoid Red Sea as Houthi attacks increase
Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas fighting...
US launches multinational push to safeguard Red Sea commerce
US Defense Secretary Lloyd Austin on Tuesday announced the creation of a multinational operation to safeguard commerce in the Red Sea following a series...