Yemen Financial News

Subscribe to enjoy similar stories. There is cause for relief and hope as Israel, and Hamas have agreed to a ceasefire that brings a pause to the most catastrophic 15-month conflict.

Maritime security officials said on Thursday they were expecting Yemen's Houthi militia to announce a halt in attacks on ships in the Red Sea, after a ceasefire deal in the war in Gaza between Israel and the militant group Hamas.

An oil tanker that burned for weeks in the Red Sea and threatened a massive oil spill has been “successfully” salvaged

Subscribe to enjoy similar stories. The greatest gift from Benjamin Netanyahu to Joe Biden was making the departing American president’s Middle East legacy seem much better than it is. And he did it by ignoring Mr.

Subscribe to enjoy similar stories. TEL AVIV—Over the past year, Israel’s military has proved adept at taking down threats to the country’s security. After the initial shock of the Oct.

US Navy pilots were shot down Sunday over the Red Sea in an apparent «friendly fire» incident, the US military said, marking the most serious incident to threaten troops in over a year of America targeting Yemen's Houthi rebels. Both pilots were recovered alive after ejecting from their stricken aircraft, with one suffering minor injuries. But the shootdown underlines just how dangerous the Red Sea corridor has become, with ongoing attacks on shipping by the Iranian-backed Houthis despite US and European military coalitions patrolling the area. The US military had conducted airstrikes targeting Yemen's Houthi rebels at the time of the friendly fire incident, though the US military's Central Command did not elaborate on what the pilots' mission was and did not respond to questions from The Associated Press. The F/A-18 shot down had just flown off the deck of the USS Harry S. Truman aircraft carrier, Central Command said. On December 15, Central Command acknowledged the Truman had entered the Mideast, but hadn't specified that the carrier and its battle group was in the Red Sea.

Both pilots were recovered alive, with one suffering minor injuries, but the incident underlines just how dangerous the Red Sea corridor has become after a year of ongoing attacks on shipping by Yemen's Houthi rebels despite U.S. and European military coalitions patrolling the area. The U.S. military had conducted airstrikes targeting Yemen's Houthi rebels at the time, though the U.S. military's Central Command did not elaborate on what their mission was.

The Houthis in a statement on Telegram said they had aimed a hypersonic ballistic missile at a military target that they did not identify. Israel's military said it was investigating, adding that «we emphasise that aerial defence is not hermetic». «A flash of light, a blow and we fell to the ground. Big mess, broken glasses all over the place,» said Bar Katz, a resident of a damaged building.

Tel Aviv, Israel, early Saturday after air defenses failed to intercept it, the latest in an increasing barrage of Houthi attacks. At least 16 people were lightly wounded by shattered glass in nearby buildings, according to Magen David Adom, Israel's emergency service. It was at least the sixth such attack over the past month. The attack set off air-raid sirens across central Israel ordering hundreds of thousands of residents to enter reinforced bomb shelters. The missile landed in a playground in Tel Aviv in the middle of the night.

Yemen's Iranian-backed Huthi rebels have repeatedly launched missile attacks against Israel since the war in Gaza began more than a year ago, most of which have been intercepted. In return, Israel has struck multiple targets in Yemen — including ports and energy facilities in areas controlled by the Huthis.

Subscribe to enjoy similar stories. WASHINGTON—The unexpectedly rapid downfall of President Bashar al-Assad in Syria has turned the country’s future from a back-burner issue to a suddenly high stakes concern for the departing Biden administration—and almost certainly for Donald Trump. U.S.

Subscribe to enjoy similar stories. When an Israeli bomb killed Hassan Nasrallah, the leader of Hizbullah, last week, it did not just decapitate a fearsome militia that has driven some 60,000 Israelis from their homes with frequent rocket attacks. It also dealt a hammer blow to Iran’s “axis of resistance", a constellation of proxy forces that Iran has for decades used to attack both Israel and Western interests in the Middle East.

A suspected attack by Yemen’s Houthi rebels has seen multiple explosions strike near a vessel traveling through the Red Sea

Iran's leadership and allies are bracing for what they would regard as a dreadful outcome of the imminent U.S. presidential election: A return to power of Donald Trump. Opinion polls suggest the Republican Trump and Democratic Vice President Kamala Harris remain locked in a close contest. But Iranian leaders and their regional allies in Lebanon, Iraq, and Yemen are concerned that Trump could well triumph on Nov. 5 and this could spell more trouble for them. Iran's main concern is the potential for Trump to empower Israeli Prime Minister Benjamin Netanyahu to strike Iran's nuclear sites, conduct targeted assassinations and reimpose his «maximum pressure policy» through heightened sanctions on their oil industry, according to Iranian, Arab and Western officials. They anticipate that Trump, who was president in 2017-21, will exert utmost pressure on Iranian Supreme Leader Ayatollah Ali Khamenei to cave in by accepting a nuclear containment deal on terms set by himself and Israel.

United Nations, Nov 02, 2024 -Yemen's Huthi rebels are transforming themselves into a «powerful military organization» due to «unprecedented» military support from outside sources, particularly Iran and Hezbollah, according to a UN report published Friday. Since the beginning of the war in Gaza last year, the Huthis, who have controlled large swaths of war-torn Yemen for a decade, have «exploited the regional situation and enhanced cooperation with the 'axis of resistance,'» which includes Iran, Hamas and Hezbollah, the UN experts said. The panel noted «the transformation of the Huthis from a localized armed group with limited capabilities to a powerful military organization, extending their operational capabilities well beyond the territories under their control.»

Subscribe to enjoy similar stories. Iran’s “axis of resistance" has suffered a series of blows delivered by Israel over the past month, including operations targeting the leadership of Hamas in Gaza and Hezbollah, and a strike last week on Iran’s missile-making facilities used, in part, to supply the groups. That hasn’t stopped Yemen’s Houthis from targeting more ships this week in the Red Sea with drones and missiles, the latest demonstration of how an escalating regional war appears to be boosting a once minor Iran-backed player in the region.

Subscribe to enjoy similar stories. U.S., Arab and Israeli officials are planning to meet this weekend in Qatar to renew talks over a cease-fire in the war in Gaza, with mediators proposing a short-term pause in fighting that could build toward a permanent agreement. Negotiators are skeptical of a breakthrough in the talks, which are scheduled for Sunday in Doha.