Yemen Financial News

The United States has put Yemen’s Houthis rebels back on its list of specially designated global terrorists

OSLO (Reuters) -Weather-related disruption at ports in northern Europe and the diversion of vessels away from the Red Sea are causing congestion at container terminals, A.P. Moller-Maersk said in an update to customers on Thursday.

With war in Ukraine, tensions in the Taiwan Strait and South China Sea, Israelis fighting Hamas in Gaza, and missiles flying through the skies from the Red Sea to Pakistan, Davos Man wants to know how Uncle Sam plans to restore order. The Biden administration doesn’t want its allies and adversaries to think things are spinning out of control, so Secretary of State Antony Blinken and national security adviser Jake Sullivan dropped into Davos to reassure all and sundry that the Americans are on the job. Mr.

INS Vishakhapatnam reportedly responded to a drone attack distress call in the Gulf of Aden. The drone attack distress call was made from Marshall Islands-flagged vessel in the Red Sea.

Investing.com-- Oil prices rose slightly in Asian trade on Thursday as severe cold weather appeared to have spurred some disruptions in U.S. production, while military action in the Middle East raged on.

diplomats of Iran and the United States sit down for public — and separate — one-on-one chats while the U.N. chief and leaders of France, Argentina and Spain will deliver speeches as the World Economic Forum's annual meeting saunters into a busy second day on Wednesday. The elite gathering in the Swiss ski resort of Davos takes a turn toward the environmental and climate concerns that have animated plea after plea from U.N. Secretary-General Antonio Guterres for the world to come together do take more united action against global warming — after a record-hot year in 2023.

Houthi rebels to a list of terrorist groups, as the militants claimed their second attack this week on a U.S. operated vessel in the Red Sea region. Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers — an escalation of the more than three-month-old war between Israel and Palestinian Hamas militants in Gaza.

Gold prices edged higher on Thursday, helped by a softer U.S. dollar and lower Treasury yields, but hovered near five-week lows as investors tempered rate-cut optimism after hawkish comments from central bank officials and robust data.

Oil prices edged higher on Thursday as OPEC forecast relatively strong growth in global oil demand over the next two years and a cold blast in the U.S. disrupted some oil production. Brent crude futures gained 28 cents to $78.16 a barrel by 0004 GMT, and U.S.

Houthis has said they are acting in solidarity with Palestinians and have threatened to expand attacks to include US ships in response to the American and British strikes. In a sign it remains undeterred, the Houthi movement on Wednesday said it made a "direct hit" with missiles on the US Genco Picardy bulk carrier. This second attack was confirmed by US shipping company Genco, saying that its ship was struck by a projectile while it was travelling through the Gulf of Aden carrying phosphate rock.

₹5,978 per bbl, having swung between ₹5,868 and ₹6,017 per bbl during the session, against a previous close of ₹6,003 per barrel. Also Read: OPEC Expects Global Oil Demand to Slow in 2025 -Tensions remained high after the US mounted fresh strikes against Iran-aligned Houthi militants in Yemen on Tuesday after a Houthi missile hit a Greek vessel. Analysts say that oil prices may find a ceiling unless production is shut in.

By Vera Eckert

(Reuters) — Business chiefs warned on Wednesday that disruption to shipping in the Red Sea caused by attacks by Houthi militants in Yemen could affect supply chains for months and lead to a shortage of tankers needed to transport fuel.

oil markets will cope with Red Sea disruptions in the short run, although prolonged attacks by the Houthis on ships would lead to a shortage of tankers due to longer voyages and a supply delay, the CEO of Saudi oil giant Aramco said. Amin Nasser told Reuters he expected the oil market to tighten after consumers depleted stocks by 400 million barrels in the last two years, which left OPEC's spare capacity as the main source of additional supply to meet rising demand. Attacks by the Houthis on ships in the Red Sea have forced many companies to divert cargoes around Africa. The Iran-aligned Houthis say they are acting in solidarity with Palestinians during Israel's ongoing war with Gaza. «If it's in the short term, tankers might be available… But if it's longer term, it might be a problem,» Nasser said in an interview on the sidelines of this week's World Economic Forum in the Swiss ski resort of Davos. «There will be a need for more tankers and are they going to have to take a longer journey». Container vessels have been pausing or diverting from the Red Sea that leads to the Suez Canal, the fastest route from Asia to Europe, where about 12% of world shipping passes.

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.

₹1,570 apiece. The downward trend persisted, reaching an intraday low of ₹1,560 (-7%). Given HDFC Bank's substantial 14% weightage in the Nifty 50, its performance significantly impacted the index during today's trade.

US Central Command. The US carried out strikes after Houthi launched an anti-ship ballistic missile from Houthi-controlled areas of Yemen into international shipping lanes in the Southern Red Sea. The strikes on Tuesday, the third against Houthi since a US-led air and naval barrage hit dozens of targets last week and destroyed four missiles that the US Central Command said posed an imminent threat to merchant vessels and Navy ships travelling through the Red Sea and nearby waters, The New York Times reported.

Houthi rebels fired a missile that struck a U.S.-owned ship Monday just off the coast of Yemen in the Gulf of Aden, less than a day after they launched an anti-ship cruise missile toward an American destroyer in the Red Sea. The attack on the Gibraltar Eagle, later claimed by the Houthis, further escalates tensions gripping the Red Sea after American-led strikes on the rebels. The Houthis' attacks have roiled global shipping, amid Israel's war with Hamas in the Gaza Strip, targeting a crucial corridor linking Asian and Mideast energy and cargo shipments to the Suez Canal onward to Europe. The United Kingdom Maritime Trade Operations, which oversees Mideast waters, said Monday's attack happened some 110 miles (177 kilometers) miles southeast of Aden.

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.

Also Read: Government cuts windfall tax on crude petroleum to ₹1,700/tonne effective tomorrow Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a January 19 expiry, was last trading 0.72 per cent higher at ₹6,051 per bbl, having swung between ₹5,969 and ₹6,109 per bbl during the session, against a previous close of ₹6,008 per barrel. -Analysts say that oil prices may find a ceiling unless production is shut in. Oil markets are still sensitive to tensions in the Middle East, but the base case remains that we'll see no significant disruption to flows, according to OANDA analysts.