Yemen Financial News

crude oil tanker in the Red Sea reported that it was hit by an attack drone fired by Houthi militants, sending out a distress call to a US warship in the area, the US military said Saturday. According to the US military, they received reports from two ships in the Southern Red Sea that they were under attack. The USS Laboon reported distress signals from a Norwegian-operated chemical/oil tanker and a Gabon-owned, Indian-flagged crude oil tanker. The US military says that the Norwegian tanker, Blaamanen, reported a near miss from a Houthi one-way attack drone with no injuries or damage reported, while the Indian tanker, Saibaba, reported a hit but no injuries.

United States shot down four drones headed towards a U.S. destroyer in the southern Red Sea and launched from Houthi-controlled areas of Yemen on Saturday, U.S. Central Command (CENTCOM) said.

Red Sea and launched from Houthi-controlled areas of Yemen on Saturday, U.S. Central Command (CENTCOM) said. «These attacks represent the 14th and 15th attacks on commercial shipping by Houthi militants since Oct.

UK Foreign Secretary David Cameron has branded Iran «a thoroughly malign influence in the region and in the world» in an interview published Sunday in which he also pledged stepped-up deterrence towards Tehran. The former British prime minister's warning echoes accusations by the United States Friday that Iran is involved in attacks on commercial ships by Yemen's Huthi rebels, providing drones, missiles and tactical intelligence.

turns the Israel-Palestine war into a global economic problem. For weeks, ships transiting the strait, a choke point in the Suez Canal, have been under attack from the Houthis, a group of highly trained, Yemen-based, Iran-backed militants with access to an array of sophisticated naval artillery. The attacks are part of the group’s offensive against Israel’s bombardment of Gaza. At least 10 of the world’s biggest shippers and one oil supermajor have decided to avoid the canal, a passageway for more than 20,000 ships a year, which account for 12% of global trade, 9% of oil demand, 6% of LNG imports and 30% of container shipments.

AFP quoted two maritime agencies. One of the vessels is an Israel-affiliated merchant ship, which was struck by the unmanned drone, causing a fire, within the vessel in the Arabian Sea off India's west coast. Indian Defense officials said that Indian Coast Guard ship ICGS Vikram is moving towards a merchant vessel MV Chem Pluto in the Arabian Sea, 217 nautical miles off Porbandar coast, after it reported a fire incident suspected to be caused by a drone attack.

war isn't just looming over Israel-Palestine and Russia-Ukraine. Nope, they're spreading like wildfire, hitting everywhere from Afghanistan to Yemen, Africa to Southeast Asia.

ALSO READ: Rise of pirates in Red Sea to take toll on India’s exim business. Here are items that will turn costlier Maritime security firm Ambrey also informed that the “Liberia-flagged chemical/products tanker... was Israel-affiliated." ALSO READ: Red Sea News-Shipping Corp, other shipping, ports in focus as Red Sea route gets disrupted "Some structural damage was also reported and some water was taken onboard.

White House on Friday said it was closely monitoring Houthi attacks on ships in the Red Sea, but did not expect the situation to have a significant impact on holiday prices or the availability of products. Lael Brainard, director of the White House National Economic Council, told reporters that the U.S. economy was proving resilient, with inflation having come down faster than even the more optimistic forecasts had indicated, the labor market rebounding, and growth remaining solid.

By Georgina McCartney and Arathy Somasekhar

Angola says it’s leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year

oil prices rise given the current geopolitical uncertainty exacerbated by recent attacks on commercial vessels in the Red Sea.“It’s very traditional that oil prices and gasoline prices bottom around the middle of December,” said Tom Kloza, global head of energy analysis with the Oil Price Information Service.“Then after that … the market will grab pieces of news to justify price advances.”Houthi strikes on commercial vessels in the Red Sea are part of the Yemen-based group’s attacks on Israel and countries trading with it. Israel is fighting Hamas in Gaza following that group’s deadly Oct.

Houthi militants in Yemen have disrupted international commerce on the shortest shipping route between Europe and Asia. The attacks, targeting a route that accounts for about 15% of the world's shipping traffic, have pushed several shipping companies to reroute their vessels.

Mint takes a look at the crisis and India’s stakes in it. Originating from northern Yemen, the Houthis have been embroiled in a decade-long civil war, gaining significant territorial control, including Sanaa, the capital. The Houthis are considered close to Iran and have maintained a hardline stance against Israel and the US.

Investing.com-- Oil prices fell in Asian trade on Thursday as momentum in a recent rally was culled by data showing an unexpected build in U.S. inventories, while talks over a potential ceasefire in the Israel-Hamas war dented bets on more supply disruptions.

₹1,614.89-crore deal with the company for six next-generation offshore patrol vessels for the Indian Coast Guard.The company plans to launch Enhertu in India in January 2024. The drug is used in the treatment of adult patients with unresectable or metastatic HER2-positive breast cancer who have received a prior anti-HER2-based regimen.GIFT Nifty trading at a discount of nearly 30 points from Nifty Futures Wednesday close, indicating a start in the red for the Indian market.Oil declined after three days of gains as data showing record-high US production outweighed threats by Houthi rebels in Yemen to continue targeting ships in one of the world’s most important waterways.West Texas Intermediate fell as much as 1% in early Asian trading to below $74 a barrel, after shifting lower at the end of Wednesday’s session as government data showed US crude output hit a new high of 13.3 million barrels a day last week.

Israel's Minister of Defense Yoav Gallant visited an Israeli Navy «Sa'ar 6» class Missile Ship sailing in the Gulf of Eilat on Wednesday. He also met with the Navy commanders and soldiers operating in the vicinity of the city of Eilat. Gallant was briefed on operational and intelligence activities as well as the Navy's preparations in the face of aerial and naval threats in the Red Sea, such as the attacks by Houthi terrorists based in Yemen.

Heritage Foundation senior fellow Brent Sadler reacts to BP pausing Red Sea oil shipments after Houthi attacks on Varney & Co.

But who are these Houthi rebels attacking ships in the Red Sea, what do they want? Let's take a deep dive into the crisis: Houthi rebels are backed by Iran. They seized Yemen's capital, Sanaa, in 2014, launching a grinding war. They are formally known as Ansar Allah, or the “partisans of God." As of now, the Yemeni rebel group controls the west of the country, including its Red Sea coast, the Guardian reported.

Global markets: US stocks opened lower on Wednesday as investors took a breather from a rally sparked by the rate cut hopes. The Dow Jones Industrial Average fell 37.79 points, or 0.10%, at the open to 37,520.13. The S&P 500 opened lower by 3.64 points, or 0.08%, at 4,764.73.

Oil-and-gas prices rose Wednesday after recent rebel attacks in the Red Sea scrambled the shipping industry and prompted the U.S. to send warships into the region to protect a vital trade lane. But thus far the response of energy markets to the disruption has been muted compared with dramatic moves in prices sparked by some other past outbreaks of violence in the Middle East.