Palestine Financial News

Yemen, officials said Tuesday, as the Iran-backed rebel group continues to target vessels in the Red Sea.The early morning strikes destroyed four anti-ship missiles that were prepared to launch from Houthi-controlled areas of Yemen, officials said.The Houthis have not stopped their attacks despite two airstrikes by U.S. and British forces last week that targeted the group’s weapons depots, launching facilities and air defence systems.

Red Sea shipping force them to find alternate routes, logistics firms say, a potential boon for a sector dealing with muted post-pandemic demand and overcapacity. The Red Sea, which leads to the Suez canal, lies on the key east-west trade route from Asia's manufacturing hubs to Europe and onto the east coast of the Americas. About 12% of world shipping traffic accesses the Suez Canal via its waters.

Iran-backed Huthi rebels continue despite multiple strikes against them, AFP reported. In an official statement, the US Central Command (CENTCOM) said, “US forces struck and destroyed four Huthi anti-ship ballistic missiles.

Qatar’s prime minister has warned of the massive destruction inflicted by Israel’s offensive on Gaza and criticized the Israeli defense minister’s rejection of a cease-fire in the battered enclave

Hamas appeared to show the dead bodies of two Israeli hostages on Monday after warning Israel they might be killed if it did not stop its bombardment of Gaza. A new video released by the Palestinian militant group purportedly showed the bodies of Yossi Sharabi, 53, and Itai Svirsky, 38, who had appeared in an initial video on Sunday. It also showed a third Israeli hostage, university student Noa Argamani, 26, seemingly reading a script in front of a blank white wall, saying the two were killed by Israeli strikes. Israel's military spokesperson said there was serious concern regarding the fate of the hostages purported to be dead in the video, while specifying that one of them, whom he identified as Svirsky, was not killed by Israeli fire. «Itai was not shot by our forces. That is a Hamas lie.

By Divya Chowdhury and Savio Shetty

NEW DELHI : New Delhi and Tehran discussed the spate of Houthi attacks on shipping vessels in the Red Sea during external affairs minister S. Jaishankar’s visit to Iran, said India’s foreign ministry. “As you are all aware, recently there has also been a perceptible increase in threats to the safety of maritime commercial traffic in this important part of the Indian Ocean.

By Trevor Hunnicutt and Nandita Bose

Israeli strikes have hit Gaza City and soldiers are battling militants in southern Gaza after the U.S. said it was time to scale back operations

By Andrew Mills and Maha El Dahan

According to the Met, activists from Palestine Action had intended to prevent the building opening for trading this morning (15 January).

a scrappy insurgency in desolate northern Yemen has managed to put itself in conflict with both the Middle East’s strongest power and the world’s superpower. Early on January 12th American and British warplanes bombed dozens of targets in Yemen. More allied strikes could take place.

Israel on Sunday, killing two civilians and renewing concerns about the risk of a second front erupting in the Israel-Hamas war. The deadly strike near the border came on the 100th day of the conflict between Israel and Hamas that has killed nearly 24,000 Palestinians, devastated vast swaths of Gaza, driven around 85% of the territory's 2.3 million residents from their homes and pushed a quarter of the population into starvation. The war was triggered by Hamas' Oct. 7 surprise attack into southern Israel in which militants killed some 1,200 people, mostly civilians, and took around 250 hostages, about half of whom are still in captivity. Since then, tensions have soared across the region, with Israel trading fire almost daily with Lebanon's Hezbollah militant group and Iranian-backed militias attacking U.S.

Hamas aired video on Sunday showing three Israeli hostages it is holding in Gaza urging their government to stop the offensive against the Palestinian Islamist group and bring about their release, as both sides marked the 100th day of the war. The 37-second video of Noa Argamani, 26, Yossi Sharabi, 53, and Itay Svirsky, 38, ended with the chyron: «Tomorrow we will inform you of their fate.»

By Nidal al-Mughrabi and Fadi Shana

By Estelle Shirbon

After 100 days, Israel’s war with Hamas is turning into a protracted conflict with no clear end, threatening to spread across the Middle East, disrupt global trade and bog down the U.S. One of the biggest geopolitical events this century, the war has swung from a Hamas attack on Oct. 7 that Israel says killed 1,200 people to the Israeli military’s ferocious retaliation against the militant group in Gaza.

South Africa says more than 50 countries have expressed support for its case at the United Nations' top court accusing Israel of genocide against Palestinians in the war in Gaza. Others, including the United States, have strongly rejected South Africa's allegation that Israel is violating the U.N. Convention on the Prevention and Punishment of the Crime of Genocide. Many more have remained silent.

Hamas have been waging war for 100 days since gunmen from the Palestinian militant group went on the rampage in southern Israel, triggering an Israeli military campaign in which nearly 24,000 Palestinians have been killed. The war between Israel and Hamas that has raged since October is the latest in a conflict between Israelis and Palestinians that has rumbled on for seven decades and destabilised the Middle East.

₹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.

Gaza Strip on Saturday as its deadly war on the enclave's Hamas rulers approached 100 days with no end in sight. In the southern city of Rafah, an Israeli airstrike on a house sheltering two displaced families killed 10 people, the Gaza health ministry said. Holding up a photo of a dead girl with a piece of bread in her hand, Bassem Arafeh, a relative, said the families in Rafah had been eating dinner when the house was struck on Friday night. «This child died while she was hungry, while she was eating a piece of bread with nothing on it, where is the International Criminal Court to see how the children die?» Arafeh said. «Where are the Muslims… and the world leaders?» Israel says it targets militants and does all it can to minimize harm to non-combatants as it wages urban warfare against Hamas in the densely populated Palestinian enclave. But the scale of the killing in Gaza and the dire humanitarian situation has shocked world opinion and fuelled growing calls for a ceasefire. The Israeli military on Saturday said its forces had killed numerous militants in the southern area of Khan Younis and in the central Gaza Strip.