Yemen Financial News

Iran-backed Houthi forces in Yemen who are regularly attacking commercial ships passing through Red Sea waters off Yemen's coast. While the United States has thus far maintained an official line that Washington is not at war in the region, it has been retaliating against the Iran-backed groups in Iraq and Syria and carrying out strikes against Yemen's Houthi military capabilities.

By Kevin Buckland

Oil prices jumped 1% on Monday on fuel supply concerns after a missile struck a Trafigura-operated fuel tanker in the Red Sea and as Russian refined products exports are set to fall as several refineries are under repair after drone attacks. Brent crude futures climbed 83 cents to $84.38 a barrel by 2341 GMT after hitting a session-high of $84.80. U.S.

Indian Navy, the oil tanker has 22 Indian, and 1 Bangladeshi crew onboard. Indian Navy's INS Visakhapatnam, a guided missile destroyer, deployed in the Gulf of Aden deployed a team to help fire-fighting on the United Kingdom's merchant vessel. According to Navy provided information the distress call was made on the night of 26 January, Friday.

Yemen’s Houthi rebels have launched a missile at a U.S. warship patrolling the Gulf of Aden, forcing it to shoot down the projectile

The U.N. trade body sounded an alarm Thursday that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal

Breitbart economics and finance editor John Carney and FOX Business host Taylor Riggs forecast the Federal Reserve’s highly anticipated rate decision and discuss the U.S. economy.

Resilinc Aerospace and Defense Division President Peter Guinto breaks down the supply chain 'nightmare' on 'The Claman Countdown.'

The European Central Bank has kept its key interest rate unchanged at a record high

₹6,359 per bbl, having swung between ₹6,208 and ₹6,378 per bbl during the session, against a previous close of ₹6,253 per barrel. Also Read:India's crude oil output down 1.03% to 2.5 MMT in December, imports rise 1.1% YoY: PPAC -The US crude stockpiles tumbled by 9.2 million barrels last week, said the Energy Information Administration (EIA). The draw was driven by a stark drop in US crude imports as winter weather shut in refineries and kept motorists off the road.

By Noah Browning

NATO defence chiefs' meeting drew to a close, NATO Military Committee Chairman Admiral Robert Bauer outlined the steps he believed households within the alliance should already be taking in the event of war. «You need to have water, you need to have a radio on batteries and you need to have a flashlight on batteries to make sure that you can survive the first 36 hours,» he said, adding that in any major conflict member nations might need to introduce conscription to keep their militaries in the fight. The shifting «tectonic plates of power», he warned, were producing the most dangerous world in decades – and risks that could only be tackled by the private sector, industry and governments together to deliver greater resilience. «We need public and private actors to change their mindset from an era in which everything was plannable, foreseeable, controllable, focused on efficiency… to an era in which anything can happen at any time,» Bauer said. «An era in which we need to expect the unexpected.» Alongside what now appears to be an ongoing U.S.-UK military campaign in Yemen, the first weeks of 2024 have brought a much greater focus on the mounting risk of war in both Europe and the Pacific – as well as an awareness that the U.S.

Officials say that two U.S.-flagged ships carrying cargo for the Defense and State departments have come under attack off Yemen

China, the world's biggest exporter, says it is deeply concerned about tensions in the Red Sea that have upended global trade by forcing many shippers to avoid the Suez Canal

New Delhi: UN General Assembly president Dennis Francis warned that the Red Sea conflict could trigger another World War, and buttressed the need to reform the Security Council. Francis told reporters in New Delhi on Wednesday the possibility of escalation and regionalization of the conflict in the Red Sea had created a dangerous situation. “That is an extremely disturbing situation.

Europe’s economy is beginning to feel the pain from supply-chain disruptions caused by the crisis in the Middle East. Data released on Wednesday showed businesses had to wait longer for parts to arrive in January after attacks by Yemen-based Houthi rebels on cargo ships in the Red Sea disrupted freight routes from Asia. The attacks persuaded numerous freight carriers to take the safer but longer and more expensive journey around Africa via the Cape of Good Hope.

By Jonathan Cable

By Colleen Howe and Muyu Xu

Oil prices were little changed in Asian trading on Wednesday as weak demand and a recovery in supply limited the market's reaction to mounting geopolitical risk.

Houthi militant attacks that followed the commencement of the Israel-Hamas conflict have not been stopped despite numerous rounds of retaliatory strikes by the US and its allies as well as a multinational naval operation to patrol the waters. Here are top 10 updates on Houthis-Red Sea attack 1) The United States has carried out airstrikes in Iraq targeting facilities used by "Iranian-backed militias" in the country following repeated attacks on US forces, Defence Secretary Lloyd Austin said in a statement on Tuesday (local time).

Bloomberg reported. In an official statement, the US Central Command on Tuesday said the facilities are also used by other militant outfits.