Iran Financial News

Gold, reeling under hotter than expected December US CPI inflation data released on Thursday, caught a bid Friday as the US and the UK launched airstrikes on Iran-backed Houthis' targets in Yemen to stop shipping attacks in the Red Sea. In a reaction, the Yemeni Group vowed to retaliate with an urgent response in the form of a move that intends to target all US and UK interests alongside those linked to Israel. The strike by the US and UK, which included more than 70 airstrikes on Yemen targets, risks spreading fallout from Israel-Hamas war, which, in the worst-case scenario, can drag in other regional powers more directly. It is to be noted that earlier in the week, Houthis launched their biggest shipping attacks and Iran seized an oil tanker off the Coast of Oman. The US government has not ruled out more strikes on the Houthis targets.

Jaishankar will meet Foreign Minister of Iran, HE Dr Hossein Amir-Abdollahian and hold discussions on bilateral, regional and global issues. "Political cooperation, connectivity initiatives and strong people-to-people ties will constitute important aspects of the agenda," the statement by the ministry added. Jaishankar and Amir-Abdollahian are also likely to discuss boosting regional connectivity through the Chabahar Port.

₹6,045 per bbl, having swung between ₹6,007 and ₹6,236 per bbl during the session, against a previous close of ₹6,033 per barrel. -While the diversions by oil tankers were expected to push up the cost and time it take to transport oil, supplies have not yet been impacted, analysts and industry experts noted, easing some of the earlier gains in prices. Analysts said that if the conflict were to spread to the other side of the Arabian peninsula, oil markets may react much more significantly.

Maritime Institute of Technology instructor Capt. James Staples, who has personally responded to pirates, breaks down the Houthi Red Sea attacks on 'The Claman Countdown.'

Israel is rejecting allegations levied by South Africa that its campaign against Hamas amounts to genocide against the Palestinian people

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By Idrees Ali, Phil Stewart and Mohammed Ghobari

airstrikes in Yemen on Thursday, targeting Houthi rebels. The Yemen authorities have now vowed vendetta, saying “America and Britain will have to prepare to pay a heavy price". The attack by the US and UK on Yemen comes weeks after the Houthi rebels allegedly unleashed disruptive attacks on the Red Sea hurting commercial shipping on the trade route.

By Phil Stewart and Idrees Ali

Suez Canal. Supply chain struggles are now back on the agenda. Container ships are being forced to avoid the Red Sea and Suez Canal, the main route for shipments from Asia to Europe and an important one for deliveries to the US East Coast, after Iran-backed Houthi rebels started attacking ships as part of a campaign against Israel.

Mint takes a closer look at the situation. For close to two months, attacks on ships on the vital Red Sea routes have troubled the international community. The Houthis, a rebel group in northern Yemen, have launched these attacks in an effort to punish Israel, a key link along the trade route, for its military offensive in Gaza.

U.S. Navy on Friday warned American-flagged vessels to steer clear of areas around Yemen in the Red Sea and the Gulf of Aden for the next 72 hours after the U.S. and Britain launched multiple airstrikes targeting Houthi rebels. The warning in a notice to shippers came as Yemen's Houthis vowed fierce retaliation for the U.S.-led strikes, further raising the prospect of a wider conflict in a region already beset by Israel's war in Gaza. U.S.

Yemen that they have determined was putting commercial vessels in the Red Sea at risk. That's according to two U.S. officials who spoke anonymously to The Associated Press to discuss an operation that hadn't yet been publicly announced.

Yemen's Houthi forces if they keep up their attacks on shipping in the Red Sea despite dozens of U.S. and British air strikes on the Iran-backed group's facilities. Intensifying concerns about a widening regional conflict, U.S.

From their perch on the eastern side of the Red Sea, the Yemen-based rebels pose what could be one of the biggest threats to global shipping and, by extension, the world economy. In recent weeks, the Houthis have launched over two-dozen drone and missile attacks on commercial shipping bound for the Suez Canal, what they say is a response to Israel’s war against Hamas. Major shippers are now diverting vessels south around the Cape of Good Hope, adding some 40 days to voyages in what could be a far more damaging disruption than when the Ever Given cargo carrier got wedged in the canal in 2021.

EU countries will next week discuss a plan to set up a naval mission to help protect Red Sea shipping following attacks from Yemen's Huthi rebels, diplomats said Friday. The proposal — in the pipeline in Brussels for several weeks — was mooted before US and British forces struck rebel-held Yemen. Any EU effort would seek to complement a US-led coalition, which includes numerous countries from the bloc, already operating in the vital shipping route. The exact details of the size and scope of any EU mission remain to be hammered out and European diplomats said a first discussion would take place in Brussels on Tuesday.

winner of the Palme d’Or, the top prize at Cannes Film Festival, Justine Triet’s courtroom drama is both a gripping whodunnit and an unsparing examination of the sexual and professional rivalries within a marriage. Read more of our guides to the cultural treats of 2023 Hayao Miyazaki, a co-founder of Studio Ghibli, has said that this will be his final film—and what a swansong it is. A cryptic, cosmic fairy tale about letting go of the past, “The Boy and the Heron" is comparable to several of Mr Miyazaki’s previous visionary masterpieces.

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(Reuters) — The United States and Britain launched strikes from the air and sea against Houthi military targets in Yemen in response to the movement's attacks on ships in the Red Sea, a dramatic escalation of the Israel-Hamas war in Gaza.

Investing.com-- Gold prices rose on Friday as an escalation in the Middle East crisis ramped up safe haven demand, which also helped the yellow metal gain despite stronger-than-expected U.S. inflation data.

Houthi spokesperson says targeting of ships heading towards Israel will continue, after United States backed coalition, including United Kingdom, launches heavy airstrikes across Yemen. The Yemen's Houthi spokesperson also said, “No justification for the US-UK attack on Yemen". The attack by the US and UK on Yemen comes weeks after the Houthi rebels allegedly unleashed disruptive attacks on Red Sea hurting commercial shipping on the trade route.