Yemen Financial News

Subscribe to enjoy similar stories. Modern China is a superpower with its roots in a guerrilla army. This helps explain its self-interested responses to crises, including the turmoil now raging in the Middle East.

underground bunkers used by Yemen's Houthi rebels, officials said. It wasn't immediately clear what damage was done in the strikes. However, it is incredibly rare for the B-2 Spirit to be used in the strikes targeting the Houthis, who have been attacking ships for months in the Red Sea corridor over the Israel-Hamas war in the Gaza Strip.

Subscribe to enjoy similar stories. Viktor Bout, the Russian arms dealer known as the “Merchant of Death," walked out of a U.S. jail almost two years ago in a trade with Moscow for U.S.

Houthi media said seven strikes hit the airport in Hodeida, a major port city, and the Katheib area, which has a Houthi-controlled military base. Four more strikes hit the Seiyana area in Sanaa, the capital, and two strikes hit the Dhamar province. The Houthi media office also reported three air raids in Bayda province, southeast of Sanaa. The strikes come just days after the Houthis threatened «escalating military operations» targeting Israel after they apparently shot down a US military drone flying over Yemen. And just last week, the group claimed responsibility for an attack targeting American warships.

Iran’s direct attack on Israel this week has once again raised fears of a wider war in the Middle East — one that could now directly involve two of the region’s most well-armed nations.

Subscribe to enjoy similar stories. The latest strikes by Iran on Israel must be viewed beyond the lens of a simple military offensive. Any attempts to contain a more belligerent Iran will also require the US to exert greater influence over Israel's actions.

vessels sustained damage after being hit with missiles and a sea drone off Yemen's Red Sea port of Hodeidah early on Tuesday, maritime security agencies and sources monitoring the area said. Both vessels reported that their crews were safe. One of the vessels, the Panama-flagged tanker M/T Cordelia Moon, reported being hit by an Uncrewed Surface Vessel (USV) 64 nautical miles northwest of Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) agency said.

Subscribe to enjoy similar stories. DUBAI—Weeks after Hamas attacked Israel on Oct. 7, the leader of Lebanese militant group Hezbollah made a thunderous speech to explain why his men are joining the fight against the “Zionist enemy." Israel was “shaking and trembling" in fear, “weaker than a spider’s web," Hassan Nasrallah said.

Netanyahu delivered a decisive address at the United Nations General Assembly on Friday, declaring that Israel would maintain its military operations against Hezbollah in Lebanon. He warned that the conflict would persist until Israel achieves its strategic goals, amidst escalating international concern over the violence. This speech came as diplomatic efforts to broker a ceasefire have faltered, overshadowed by intensified airstrikes on Hezbollah targets. “Israel has been patient long enough,” Netanyahu stated, referencing the ongoing hostilities with Hezbollah, an Iran-backed militant group active in southern Lebanon. He emphasized, “As long as Hezbollah continues on the path of war, Israel has every right to defend itself and eliminate the threat.” Netanyahu further proclaimed, “If you strike us, we will strike you; there is no place in Iran where the long arm of Israel cannot reach.”

Yemen’s Houthi rebels have shot down two American MQ-9 Reaper drones in under a week, further highlighting the regional spread of the Israel-Hamas war

Yemen's Houthi rebels claimed Monday that they shot down another American-made MQ-9 Reaper drone, with video circulating online showing what appeared to be a surface-to-air missile strike and flaming wreckage strewn across the ground. The US military said it was aware of the Houthis' claimed downing of a drone over the country's southwestern Dhamar province, without elaborating. The Houthis have exaggerated claims in the past in their ongoing campaign targeting shipping in the Red Sea over the Israel-Hamas war in the Gaza Strip. However, the online video bolstered the claim, particularly after two recent claims by the Houthis included no evidence. Other videos showed armed rebels gathered around the flaming wreckage, a propeller similar to those used by the armed drone visible in the flames. One attempted to pick up a piece of the metal before dropping it due to the heat.

A new attempt has begun to try to salvage an oil tanker burning in the Red Sea after attacks by Yemen’s Houthi rebels

Iran launched perhaps the largest drone and missile strike in history against Israel, which was blunted by unprecedented cooperation from countries in the region and beyond. Yet the biggest surprise is also the most ominous for global order. A radical, quasi-state actor most Americans had never heard of, the Houthis of Yemen, have mounted the gravest challenge to freedom of the seas in decades — and arguably beaten a weary superpower along the way. The Houthis began their campaign against shipping through the Bab el-Mandeb, which connects the Red Sea and Gulf of Aden, in late 2023. They are nominally attacking out of sympathy for the Palestinian people, but also to gain stature within the so-called Axis of Resistance, a group of Middle Eastern proxies cultivated by Iran.

Salvagers have abandoned an effort to tow away a burning oil tanker in the Red Sea targeted by Yemen’s Houthi rebels

Two missiles suspected to have been fired by Yemen’s Houthi rebels have targeted a ship in the Gulf of Aden

Yemen’s Houthi rebels have released footage showing that they boarded and intentionally set explosives aboard a Greek-flagged tanker that was earlier abandoned after they repeatedly attacked it, putting the Red Sea at risk of a major oil spill

Israel launched a series of airstrikes across southern Lebanon in the early hours of August 25, targeting Hezbollah in what it described as a pre-emptive strike. In response, militant group Hezbollah claimed to have launched hundreds of rockets and drones to avenge the killing of one of its top commanders the previous month. This heavy exchange of fire deepened tension that a big conflict could soon begin that could involve the US, Iran and a number of militant groups in the region. By mid-morning, the exchange of attacks appeared to have ended, with both sides stating that they had focused their strikes on military targets. However, the situation remained tense, and the full extent of the casualties and damage was not immediately known. At least three people were reported killed in the strikes on Lebanon.

A Greek-flagged tanker repeatedly attacked by Yemen’s Houthi rebels in the Red Sea remains ablaze but hasn’t sprung a major oil leak in the waterway

Fires have broken on a Greek-flagged oil tanker previously attacked by Yemen’s Houthi rebels this week

A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack from Yemen's Houthi rebels in the Red Sea, while also destroying a bomb-carrying drone boat in the area

A Greek-flagged oil tanker traveling through the Red Sea has come under repeated attack, leaving the vessel “not under command” and drifting ablaze in an assault suspected to have been carried out by Yemen’s Houthi rebels